(Bloomberg) -- Lead rose to a record in London on
concern supply may fail to meet demand this year after China, the
world's largest producer, said it will raise export taxes from
June 1. Copper and aluminum also gained.
China will charge higher export taxes on 142 products,
including lead and zinc, to pare a record trade surplus that's
threatening to hurt relations with nations including the U.S. Lead
will be in a deficit for a fifth consecutive year in 2007, the
Lisbon-based International Lead and Zinc Study Group said on May 15.
Read more at Bloomberg Commodities News
concern supply may fail to meet demand this year after China, the
world's largest producer, said it will raise export taxes from
June 1. Copper and aluminum also gained.
China will charge higher export taxes on 142 products,
including lead and zinc, to pare a record trade surplus that's
threatening to hurt relations with nations including the U.S. Lead
will be in a deficit for a fifth consecutive year in 2007, the
Lisbon-based International Lead and Zinc Study Group said on May 15.
Read more at Bloomberg Commodities News
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