Lead was encouraged to sell on a weak technical close Thursday and investors took profits from the 5 percent gain of lead over the last week. Three-month lead MPB3 dropped 5 percent to a low of $1,940 per tonne before trading at $1,965. Read the complete piece here. Key triggers to sentiment within the base [...]
Read the full article: "Lead Down Five Percent"
Thursday, August 28, 2008
Lead’s three week high in London based on speculation that China’s demand had improved. China is the world’s largest consumer and producer of lead. Stockpiles monitored by the London Metal Exchange have fallen 18 percent since the end of June, mostly in Singapore, the nearest lead warehouse location to China. The amount of metal earmarked [...]
Read the full article: "Lead Up on Speculated China Demand"
Thursday, August 28, 2008
A technical bounce finds lead at a three-week high. Lead MPB3 gained for a second consecutive day, rising as much as 3.7 percent to $2,125 a tonne, its highest level since Aug. 7. Lead traded at $2,115 versus Wednesday’s $2,050. Prices for the metal, used in batteries, jumped more than 11 percent on Wednesday in [...]
Read the full article: "Lead Jumps 3.7 Percent"
Wednesday, August 27, 2008
Of the 193 Indian herbal medicines studied at Boston University twenty percent were found to contain lead, mercury or arsenic. These toxic metals were found in products made both in India and in the US. Supporters of the medicines declared that the products are safe when properly prepared and administered. Writing in the Journal of [...]
Read the full article: "Indian Herbal Medicines Queried"
Wednesday, August 27, 2008
As inventories drop lead has hit a two-week high. Lead shifted from $1,855 at close on Tuesday to a last quote of $1,925/1,930. Prices for zinc, lead and nickel all rebounded, after declining on Tuesday, as inventories fell in London Metal Exchange warehouses and as the dollar eased from its 2008 highs against a basket [...]
Read the full article: "Lead Hits Two Week High"
Tuesday, August 26, 2008
Overview Dajin Resources Corp. (“Dajin”) holds an option to purchase a 100% interest in fifteen (15) mineral claims covering 1,770 hectares of geological terrains that are prospective for zinc/lead deposits in the Ymir region in the Nelson Mining District of south eastern British Columbia. In addition, Dajin owns a 100% interest in twelve (12) claims [...]
Read the full article: "Dajin Resources: Exploration Innovation, The..."
Tuesday, August 26, 2008
Blue Note Mining Inc. will be reducing their payroll by 70 people at their Caribou Mine. The company intended to decrease their workforce to 300 once complete commercial production was achieved at the underground base metals mine and that was achieved January 1. Blue Note planned this staff reduction before lead and zinc prices [...]
Read the full article: "Blue Note Mining to Cut Costs"
Monday, August 25, 2008
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. experienced a 1.77 percent profit loss compared to the first half of last year due to the sharp decline of lead and metal prices. The Shenzhen-listed company produced lead and zinc concentrates of 145,400 tons in terms of metal from, at par with those of 2006, and smelted zinc [...]
Read the full article: "Zhongjin Lingnan Profits Fell"
Friday, August 22, 2008
By Daniella D’Alimonte – Exclusive to Lead Investing News After slipping through the summer, lead made a slight recovery over the last week. After reaching a low of US$0.75 per pound August 14, it is now back up to nearly US$0.88 per pound. With the harsh blows being meted out to metal exploration and mining companies in the [...]
Read the full article: "Slow changes or a bump in the road?"
Friday, August 22, 2008
Mumbai, India reported yesterday that lead is expected to continue to fall due to decreased demand and increased supply. Lead did find some support after the world’s largest producer of lead, China, suffered their Sichuan earthquake in May. As well, July saw lead rise on a fear of decreased production from China and its resulting [...]
Read the full article: "Lead Prices Set to Dip Further"
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Friday, August 29, 2008