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Introduction to Lead Investing

July 16, 2008 @ 2:40 pm In Feature Articles

Lead is shot - for nowAlong with other industrial purposes, one of leads main and growing uses continues to be in batteries. Peter Theyer, geologist for Winnipeg's Wildcat Exploration [1], says it is almost irreplaceable for this use at this time. This is largely because of the high volumes of cars being produced.

Previously used in a lot of household products such as pipes, glass, paint and even children's toys, lead is now believed to create certain health risks [2] with overexposure. It was also de-throned to an extent in the 1980′s when it was removed from gasoline, said Theyer.

Alan Taylor, Operating Officer for the Canadian Zinc Corp. [3], also noted a demand due to the high production of batteries. While he agreed that there is a slight over-stock of lead right now, this will eventually even itself out over the long term.

Many companies already involved in zinc-lead exploration are continuing new mining projects, however, there is a lack of new lead producers. This will have a positive effect on the current prices when the demand increases.

Investors considering lead need to think in the long term.


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URLs in this post:

[1] Wildcat Exploration: http://www.wildcat.ca/

[2] health risks: http://en.wikipedia.org/wiki/Lead_poisoning

[3] Canadian Zinc Corp.: http://www.canadianzinc.com/

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