In the recent base metals slide, lead has earned the illustrious title “worst performer on the London Metal Exchange.” Despite this moniker, analysts are confident that the metal will rebound by the end of the year.
Lead futures declined sharply on Monday, as risk adverse investors abandoned the volatile base metals market and headed for the safe haven investments such as gold.
Alexco Resource Corp. (TSX:AXR, NYSE-AMEX:AXU) has announced the initial and completed resource estimate for the historical tailings of Elsa in the Keno Hill Silver District, Yukon.
The press release is quoted as saying:
The Elsa Tailings are located approximately 400 meters northwest of the Elsa town site and the former United Keno Hill Mines (“UKHM”) mill. The [...]
By Leia Michele Toovey- Exclusive to Lead Investing News
Lead and zinc prices have been on board for the base metal rally, zinc on the LME is currently trading for $1,633.50 per tonne, up 30 per cent so far this year. The metal used to galvanize steel touched a four-year low of $1,038 on Dec.12, [...]
By Leia Michele Toovey- Exclusive to Lead Investing News
As the global economy arguably trots down the path to a recovery, the metals are diverging in prices due to differences in their fundamental dynamics. Lead was the second-best performer of the LME metals last quarter, coming in a few percentage points behind copper. Lead gained 27 [...]
By Leia Michele Toovey- Exclusive to Lead Investing News
The Fed’s announcement to purchase treasuries sent lead and zinc on their largest ascent in two months. Fed officials voted on March 18 to buy Treasury and mortgage bonds in an effort to revive America’s economy, lifting stocks as well as commodities. Copper, zinc and aluminum all [...]
By Leia Michele Toovey- Exclusive to Lead Investing News
Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions. The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate. The government has also mentioned that it wants to support the industry’s [...]
By Leia Michele Toovey- Exclusive to Lead Investing News
Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of January [...]
By Leia Michele Toovey- Exclusive to Lead Investing News
Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of the [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News
In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady.
Zinc prices will drop by Rs 800 per tonne to Rs 68,900; whereas lead maintained the Rs 70,200 per tonne level. Lead prices have remained strong [...]
Monday, June 21, 2010