Zinc-Lead Balance Flips by Most Since 2010: Chart of Day
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Zinc, which is normally less expensive than lead, has held a price-premium for the longest stretch since 2010 as the outlook for lower mining output coincides with accelerating global demand for cars, appliances and laptops.
The CHART OF THE DAY tracks zinc and lead prices on the London Metal Exchange in the past four years. The green areas in the lower panel show that lead was consistently the more expensive material except for some brief periods. The premium swung to zinc on June 4, and has been there for the longest stretch since June-July 2010, data compiled by Bloomberg show.