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Lead prices will improve 'significantly' in H2 2015 – Citi
February 11, 2015 - 15:37 GMT Location: London

KEYWORDS: lead , LME , lead-acid batteries , zinc

Lead prices will improve “significantly” in the second half of 2015, as the metal is undervalued in the light of its fundamentals, analysts at Citi said.

Lead will average $1,880 per tonne in the first quarter of 2015, before improving in the latter half of the year, with prices averaging $2,060 per tonne in 2015, analysts David Wilson and Ivan Szpakowski said in a note to clients. Lead prices have been trading around a two-year low over the past few months, at a time of the year when the lead market is normally at its strongest driven by restocking from the battery industry. But although the fall in lead prices has "rung alarm bells", Citi said the anomaly suggests lead is currently..