Chinese Lead Smelter Production Reduced

email Email  Print Print  
Wed, Jul 16, 2008
Lead Market News
Post by Melissa Pistilli, Lead Reporter

In order to increase metal prices as well as save electricity and complete maintenance 27 of China’s smaller lead and zinc smelters agreed to reduce production by 10 percent in July and September. Analysts have also suggested that building a stockpile of lead will help keep prices stable.

Tong Leshen, an analyst with the Shanghai Nonferrous Metals Trade Association, told China Daily that falling lead and zinc prices have created great difficulties forChinese companies.

A trader with a lead and zinc smelter in Central China told the Times that “many small smelters have halted production for a while due to tightened credit and lack of orders from clients, so a coordinated production cut means nothing to them.”

Read the full article here.

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Lead Investing News' Comment Policy?
Lead Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Lead Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Lead Price Chart
Asides

  • The Lead Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

     

  • LeadInvestingNews.com maintains a focus on Lead exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.

  • For upcoming lead investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo

  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

Information