MARKET TALK: LME Zinc, Lead Underpin Copper, Aluminum

LME zinc and lead remain on course for further record highs given low inventory and extremely high premiums, trader says. "Lead and zinc are currently favored by investors given strong demand and low stocks," he says. Notes divergence in trade between these two metals and copper and aluminum. "Copper and aluminum are currently held up by lead, zinc and nickel, but mainly look to oil and the dollar for direction," he says. LME 3-month zinc trades at $4,250/ton, up $30 on the Tuesday PM kerb, lead at $1,625, up $10.