Report: Trafigura delivers a record amount of lead to LME warehouses, causing prices to plunge

According to informed sources, the trader carried out a large-scale delivery in Singapore, resulting in a surge of 80,700 tonnes in the global inventory tracked by the exchange. Data shows that this inflow of lead brought the total inventory to 370,075 tonnes, marking the highest level since 2012. Subsequently, lead prices fell to the lowest level in over a year. (Bloomberg)