BSE Metal Index rose in conjunction with Sterlite industries, which gained more than 15% after indicating it would not be restructuring its business. The move was largely based on what’s happening in the global financial markets. Vedanta Group, the parent company of Sterlite Industries, had announced on Sep 9 a restructuring plan to form three [...]
Trevali Resources Corp. announced their initial findings at their Puajanca prospect in the Cerro de Pasco region of west-central Peru. An average sample of 13.4% lead was collected. Mineralization is exposed over an area of 120 metres long by 20 metres wide and 25 metres thick – a significantly greater area than exposed at any [...]
INTEC‘s in-principle agreement will allow them to use their metal recycling technology at a commercial level for the first time. The recycling will help produce lead metal products. The agreement for the project will be formalized by October 31, 2008. The enhanced project will take multiple mineral concentrate and industrial waste materials as feedstocks, in [...]
China’s top lead producer, Yuguang Gold & Lead, cut their lead output by more than a third while they perform repairs over 35 to 45 days. The company has been producing 310,000 tonnes of lead. “We have to shut down the system as it has been overused,” Yuguang’s trade manager, Li Xiaodong, told Reuters. “If [...]
London Metal Exchange lead rose almost 5 percent based on short-covering. Lead rose 5.3 percent to a high of $2,000, before being quoted at $1,985/2,000. Find the article here.
By Heather Matthews - Exclusive to Lead Investing News Current market climate Zinc metal and lead metal spot prices are rising despite significant fear and panic in the investing world. Following the bankruptcy of Lehman Brothers World Investment Bank, and the Federal Reserve bailout (85 billion) of AIG, many analysts are predicting that more banks will [...]
Concern that China may stop production of their lead smelters as concentrate supply falls caused an increase in lead prices. China is the world’s biggest producer of lead. Falling inventories also provided the metal support, analysts said. Lead inventories on the LME fell 1,350 tonnes to 69,175 tonnes on Friday. Find the article here. [...]
For the sixth consecutive month excessive amounts of lead have been found in jewelry being sold in Baltimore City. The Baltimore City Health Department has issued a violation to a business. It prohibits several items of children’s jewelry that were sold at Party City on 6311 York Road. The jewelry products contain amounts of lead [...]
Lead is on the rise after the US open triggered a bout of short position covering and a drop in inventory. Lead MPB3 rose more than 5 percent to $1,910 after trading up $35 at $1,840 in the rings. The metal was boosted by short-covering and a 1,350 tonne fall in LME stocks to 69,175 [...]
Hindustan Zinc, a leading metal producer, increased the price of zinc and lead by Rs 1400 a tonne and Rs 1700 a tonne, respectively. Zinc would now cost Rs 90,300 a tonne while lead would be available at Rs 99,000 a tonne, a company circular said here today. Find the article here.
Get our independent commentary on lead trends and companies delivered to your inbox.
