Financial Times FT.com

Price of lead drops 12% amid profit-taking

By Chris Flood

Published: September 10 2009 12:08 | Last updated: September 10 2009 22:18

Lead prices took a tumble on Thursday while gold slipped below the $1,000 mark and oil prices remained volatile in spite of signs of US demand reviving.

Lead dropped sharply, down 12 per cent to $2,115 a tonne, on profit-taking after a strong rally. Lead hit $2,511 on Tuesday, up 151 per cent this year, after a number of Chinese smelters were forced to close following reports that hundreds of children had been affected by lead poisoning.

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