Monday, July 16, 2007

Lead Rises to Record in London on Ivernia Supply Concern; Nickel Declines

(Bloomberg) -- Lead rose to a record for a fourth
session in London on expectations Ivernia Inc., producer of about
3 percent of the world's mined supply, will extend the suspension
of exports from a port in Australia. Nickel and copper fell.

Ivernia's plan to ship product from the port of Fremantle,
following the March 12 suspension at Esperance, was opposed by
Fremantle's mayor. The metal, used in car batteries, has soared
62 percent since the suspension, ordered amid an investigation
into lead poisoning at the port.


Read more at Bloomberg Commodities News

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