An increase of 27 percent refined lead production at Hindustan Zinc Limited completes their results for their first quarter ending on the 30th of June. 17,000 tonnes of lead were produced. During the quarter, HZL announced expansion projects that will take its total integrated zinc-lead capacity to 1,065,000 tonnes per annum with fully integrated mining, [...]
Higher oil and gold and a weak dollar have seen lead rising on the London Metal Exchange and Comex MCX. Analysts believe that if the present bullish fundamentals continue, then lead has a potential to test $3,500 a tonne in the coming weeks. “If last year’s fundamentals hold correct and the momentum rally continues [...]
A drop in exports from China finds lead on a 9 week high. Chinese exports of refined lead dropped 96 percent in June and fell 80 percent in the first half. [ID:nPEK277912] “Net lead exports to the west from China were at their lowest this decade in June,” said Nick Moore, analyst at ABN [...]
The price of lead is up 4 percent due to falling stocks. Lead rose by more than 4 percent on falling stocks and buying after stops were triggered. LME stocks fell by 700 tonnes to 92,025 tonnes, the lowest level in a month. Read the complete article here. A further drop in stock is expected [...]
Scrap metal theft is up due to the increasing price of scrap metal. Churches are being targeted for their lead. Theft of scrap metals like lead are up throughout England and specifically in Bedfordshire. Operation Stanford has been created to deal with this nationwide problem. With lead prices rising sharply due to fierce demand from [...]
Thirteen of China’s larger zinc and lead smelters will not be cutting their output despite 27 other Chinese smelters agreeing to cut their output by 10 percent from July through September. The producers include Hunan Zhuye Torch Metals Co Ltd (SHA 600961), Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (SZA 000060) and Yunnan Chihong [...]
Along with other industrial purposes, one of leads main and growing uses continues to be in batteries. Peter Theyer, geologist for Winnipeg’s Wildcat Exploration, 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 [...]
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 [...]
Tumi Resources Limited discovered a new base-metals zone after their first drilling at Sala, Sweden. 1.1 percent lead was found. Mr. Henstridge stated, “Our rigorous exploration program and persistence at Sala is now paying dividends. To discover in our first drill hole at Sala a broad 75m wide zone of mineralization, together with higher ore-grade [...]
By Daniella D’Alimonte – Exclusive to LeadInvestingNews The cost of lead has been on a fairly steady decline for the last year. Prices have dropped to around 50 per cent since last July. Despite these plummeting profits, companies are moving forward with exploration projects. Calgary-based Mexican Silver Mines Ltd. (TSX: MSM), has recently announced a [...]
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