China’s second biggest lead miner, Western Mining, decreased its 2008 lead production forecast due to rising costs, plant outages and limited power supplies. Western Mining said it has reduced or halted production in some lead-producing subsidiaries, as well as one zinc smelter in the central province of Hunan, after local authorities cracked down on mining in [...]
Read the full article: "China’s Western Mining Cuts 2008 Lead"
Wednesday, July 30, 2008
London Metal Exchange stocks rose as lead fell 4 percent on profit-taking. In China, security controls on explosives ahead of the Olympics and ongoing crackdowns on small mines are starting to tighten supply of lead and zinc concentrate in the country, traders and analysts said on Wednesday. Read the whole article here.
Read the full article: "Lead Falls as LME Stocks Climb"
Tuesday, July 29, 2008
Prairie Downs base metal project in Western Australia has found 1.8 percent lead. It remains open at depth and along strike. This resource contains 295,000 tonnes of zinc, 2.6 million ounces of silver and 83,000 tonnes of lead. It includes a High Grade Resource of 1.6 million tonnes at a grade of 12.3% zinc, 36g/t [...]
Read the full article: "Prairie Downs Metals Announce Quarterly..."
Tuesday, July 29, 2008
The US dollar and drop in crude oil prices saw many base, precious metal prices dropping, however, lead prices are on the rise. Lead stockpiles, meanwhile, continued to drop, falling 1,450 tonnes on the session to 89,275 tonnes, sending the price for the metal as high as $2,293.75 during the day before falling back to [...]
Read the full article: "Lead Prices on the Rise"
Monday, July 28, 2008
Lead was up 3.8 percent as LME stocks fell. Lead for delivery in three months MPB3, mainly used in batteries, jumped 3.8 percent to $2,195 per tonne as LME stocks fell 525 tonnes to 90,725. By mid-session lead traded at $2,180, up $65. Read the full article here.
Read the full article: "Lead Jumps as LME Stocks Fall"
Monday, July 28, 2008
India’s Sterlite Industries Limited announced lead production was up at an increase of 27 percent. Sterlite Industries Limited is India’s biggest non-ferrous metals and mining company. Recently, HZL announced Phase III of it expansion program, comprising a 210 ktpa Zinc Smelter, 100 ktpa Lead Smelter and 160 MW of Captive Power Plants. The order for [...]
Read the full article: "Sterlite Industries Lead Results"
Friday, July 25, 2008
By Daniella D’Alimonte – Exclusive to LeadInvestingNews Although the prices of lead and zinc have already fallen substantially, analysts predict they still have further to fall. As mines continue to increase production of lead and zinc and surplus continues to grow over the next few years, investors can expect the prices to remain on the [...]
Read the full article: "Declines to Continue"
Friday, July 25, 2008
The price of lead continues to support theft. The St. John the Evangelist Church in Birkby suffered damage due to thieves intending to strip the church roof of its lead. The thieves were stripping lead from the church’s roof in the early hours of yesterday morning – the latest in a spate of such thefts [...]
Read the full article: "Metal Thieves Damage Steeple"
Friday, July 25, 2008
High zinc and lead production was not enough to boost profits as Hindustan Zinc Ltd. reported a reduced net profit on declined revenues. Hindustand Zinc Ltd. is India’s only integrated producer of zinc and lead. The company said the positive impact of higher volumes on sales and profit was offset by the adverse impact on [...]
Read the full article: "Hindustan Zinc Q1 Profit Dips"
Thursday, July 24, 2008
The DNR has chosen to research what kind of bullets pose the least threat of lead contamination when used by hunters shooting deer for meat. For anyone to be eating even small quantities of lead, which is a toxin, could be of significant concern. The study was prompted by the discovery this spring of lead [...]
Read the full article: "Lead Testing Begun in Bullets"
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Wednesday, July 30, 2008