London Metal Exchange lead for delivery in three months dropped over 5%. The fall was in keeping with the fall in other base metal prices based on the rejection of US Congress’s proposed bail out plan.
London Metal Exchange lead for delivery in three months fell more than 5 percent to a session low of $1,735 [...]
Read the full article: "LME Lead Falls 5%"
Monday, September 29, 2008
Current Market Climate:
Today, Congress met to discuss further revisions to the proposed 700 billion dollars bailout plan, designed for the buyout of bad debts by the U.S. Treasury. Senator Chris Dodd, (D-Conn.) has been instrumental in putting together the bailout plan and explaining its merits to Congress. According to proponents of the plan, it will [...]
Read the full article: "ZINC & LEAD REMAIN STABLE AS MARKETS RISE"
Monday, September 29, 2008
This morning, officials from the G7 countries (U.S.A., Canada, Japan, Germany, France, Britain and Italy) held a conference call to discuss potential solutions to the pressing market crisis currently at play in world markets. This tentative plan includes a possible 700 billion dollar buyout of bad debts, including defaulted mortgages and other failed investments, with [...]
Read the full article: "Zinc And Lead Rally As G7 Countries Plan..."
Monday, September 29, 2008
The London Metal Exchange (LME) launched extended prompt dates for Standard Lead contracts. Standard Lead will be traded out to five years, which is an extension from 15 months.
“The extensions of the prompt dates are the culmination of a long period of research and analysis by the LME. There is already significant OTC activity in [...]
Read the full article: "LME Prompt Date Extensions"
Monday, September 29, 2008
Shooters at the Petaluma Trap and Skeet Club have used lead bullets for their clay pigeon target shooting for 40 years. Seven tons of lead have accumulated on the property as evidenced by the annual report given to the EPA from the US Coast Guard, who owns the land.
Health officials worry about even trace amounts [...]
Read the full article: "Warning on Lead Fallout at Gun Clubs"
Monday, September 29, 2008
Lead MPB3, battery material, fell as investors sold off commodities, many of which were trading in the negative. Lead dropped more than 5% from 1,960 on Friday to $1,836 a tonne.
Three-month zinc touched $1,695 a tonne, down nearly 5 percent. It traded at $1,707 from $1,770.
Lead and zinc have lost around a quarter and nickel [...]
Read the full article: "Lead Drops Sharply"
Friday, September 26, 2008
The village of Pendle was robbed of £450 of lead overnight. A lead belfry casting and lead pipes were stolen.
But police said the man, described as being in his late 30s, of a heavy build, unshaven, wearing a black woollen hat and a fluorescent vest, ran off, leaving the haul.
In another incident, £250 worth of lead [...]
Read the full article: "Lead Metal Thieves Target Village"
Friday, September 26, 2008
Ireland’s Galmoy zinc-lead mine will begin to shut down their mine over the next three years. It may even happen sooner if the price of zinc drops.
The mine, which produces about 70,000 tonnes of zinc metal and 19,000 tonnes of lead metal a year, employs 221 people and will shut down completely in 2011 when [...]
Read the full article: "Ireland’s Galmoy Zinc-Lead Mine Closure"
Thursday, September 25, 2008
A new study from the University of Michigan has shown that metal alloys used in a variety of applications from jet engines and satellites to cell phones have been known to degrade and fail based on metal alloys being made from at least two different metallic elements. The findings indicated that a longer lasting alloy [...]
Read the full article: "Lead Hard to Replace as Metal Alloy"
Thursday, September 25, 2008
Lead MPB3 was untraded.
Lead MPB3 was untraded, but bid at $1,950 from $1,995 on Wednesday, zinc MZN3 traded at $1,784 from $1,790.
Find the article here.
Read the full article: "Lead Untraded"
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Tuesday, September 30, 2008