(Bloomberg) -- Lead rose to a record for a third day
in London on increased demand in China, the world's biggest
consumer of the metal, and supply disruptions from Australia.
Global demand for lead, used in car batteries, may outstrip
supply by 55,000 metric tons this year as China's production may
be less than expected, Standard Bank Group Ltd. said in an e-
mailed report yesterday. The bank, a member of the London Metal
Exchange, raised its 2007 price forecast by 12 percent.
Read more at Bloomberg Commodities News
in London on increased demand in China, the world's biggest
consumer of the metal, and supply disruptions from Australia.
Global demand for lead, used in car batteries, may outstrip
supply by 55,000 metric tons this year as China's production may
be less than expected, Standard Bank Group Ltd. said in an e-
mailed report yesterday. The bank, a member of the London Metal
Exchange, raised its 2007 price forecast by 12 percent.
Read more at Bloomberg Commodities News
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