Base MetalsNeutralMetals Desk · 6d ago · 2 min read
Zinc and lead diverge as concentrate tightness favours the galvanising metal
Zinc outperformed lead as smelter feed stayed scarce, while battery-driven lead demand looked steady but unspectacular.
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Tight concentrate supply is keeping spot treatment and refining charges under pressure, underpinning refined copper even as demand signals soften in parts of Asia.