BLBG: Lead Tumbles Most Since 1987 in London; Zinc Also Slumps
By Chanyaporn Chanjaroen
Oct. 10 (Bloomberg) -- Lead fell the most since at least 1987 on the London Metal Exchange and zinc posted the biggest daily drop in 11 years as the credit crisis spread, slowing world economic growth and curbing demand for industrial metals.
Lead for delivery in three months fell almost 16 percent to $1,400 a metric ton as of 2:19 p.m. local time. Zinc slumped $207, or 14 percent, to $1,290 a ton, the biggest decline since July 1997.
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net
