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Global Lead market may witness deficit again in 2014

Posted on 16 December 2013

The refined lead market is expected to continue to tighten next year, with an 84Kt deficit driving a decline in the global stock-to-consumption to its lowest level since the 2011, said London based Barclays in its recent market report.
“Resultantly we project the LME cash price to average $2,350/t in Q4 next year, which would represent an attractive 15% upside from the lows in the current quarter,” the bank projected………………………………………..Full Article: Source


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