Reported lead stocks have risen recently, primarily as a result of metal previously withdrawn from LME warehouses in Asia being delivered back on to warrant elsewhere in the world.
Lead Market News Directory
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.
Reuters reported that lead production will be affected by China's decision to close inefficient lead operations in 2012.
Reuters reported that Shenzhen Zhongjin Lingnan Nonfemet, (SHE:000060) Chinese lead and zinc miners, plans to meet the requirements of local environmental authorities related to the Fan Kou lead and zinc mine and Dan Xia zinc smelter.
MSN News reported that India lead futures fell on weak demand.
Commodity Online reported that according to the International Lead and Zinc Study Group, the world Lead market will be in surplus for 2011 and 2012.
NASDAQ reported Rathdowney Resources Ltd. (TSE:RTH) reported the results for the first 20 core holes at its Project Olza, located 90 kilometres northwest of Krakow, Poland.
MSN News reported that weaker demand caused the price of lead futures to drop.