The largest primary lead producer in the western world won a victory in court against lawyers representing 7 children who allegedly suffered health problems due to lead contamination in St. Francois County, Missouri.
The price of lead has slipped over the past month, and its prospects are shaky over the next few weeks as metal traders wait to see what happens with quantitative easing, the US stimulus program.
Rising demand for batteries is adding to the world’s supply of recycled lead.
A brief overview of lead price developments, supply and demand and significant market movers.
M Partners issued an Intraday Note on Trevali Mining (TSX:TV), on exploration success supporting their belief for near-term higher grades.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) intersected significant high-grade lead-silver-zinc mineralization at the Rosa Zone at its Santander Mine in Peru, which further expanding the size of the Rosa Zone.
Dundee Capital Research issued an update on Trevali Mining (TSX:TV), specifically on the $46M equity financing.
M Partners issued an Intraday Note on Trevali Mining, maintaining their Buy rating.
Reported lead stocks have risen recently, primarily as a result of metal previously withdrawn from LME warehouses in Asia being delivered back on to warrant elsewhere in the world.
The Economic Times reported that lead futures gained 0.26 percent to reach Rs 116.50 per kg on hints of stimulus measures from China and the US.
Bloomberg reported that demand for lead is growing as a result of battery makers depleting stock in Chinese warehouses.
Platts reported that lead's production in Peru advanced in May.