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MARKET TALK: LME Lead Firms; Ongoing Supply Disruptions

Tuesday, Apr 17, 2007
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LME lead rises overnight on ongoing supply disruptions but no fresh news reported, market participants say. Ivernia Inc.'s Magellan mine in Australia remains on care and maintenance after port suspends lead shipments, Xstrata Plc upholds force majeure at Northfleet refinery. Cross Base metal strength also supportive, says analyst David Moore at National Australia Bank. LME 3-month lead last trades at $2,002/ton, down $5 vs yesterday's PM kerb.

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