Lead has had a good year in 2013, and next year looks promising for the metal as well.
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.
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.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) reported that initial holes from the current drill program at Stratmat Zinc-Lead-Silver-Copper-Gold Deposit in the Bathurst Mining Camp of New Brunswick, Canada, successfully intersected multiple high-grade massive sulphide lenses over significant downhole intervals. Of note are intersections of 26.75 metres of 7.42% Zinc, 1.37% Lead, 1.26% Copper, 94.2 g/t Silver & 2.45 g/t Gold.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) has achieved commercial production at its Santander Zinc-Lead-Silver operations in Peru. As of the end of January 2014, the mill has processed approximately 310,000 tonnes of feed to produce approximately 22,000 tonnes of zinc concentrates and 7,000 tonnes of lead-silver concentrates
M Partners issued an Intraday Note on Trevali Mining (TSX:TV) maintaining a “BUY” rating and one year target price of $2.15. For more information, or to receive a copy of the note, contact M|Partners at 416-603-7381 or see their web site at www.mpartners.ca.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF,FWB:4TI) provided an update on its Santander Zinc-Lead-Silver Mine in Peru. Ongoing mineral processing plant operations, and zinc and lead-silver concentrate production continues to progress well as it approaches full commercial production.
Reported lead stocks have risen recently, primarily as a result of metal previously withdrawn from LME warehouses in Asia being delivered back on to warrant elsewhere in the world.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.