By Leia Michele Toovey- Exclusive to Lead Investing News
Lead and zinc were on par with this week’s bearish market sentiment. Growing evidence that the financial crisis was spreading throughout the globe hit the metals hard; most influential this week was news that pointed directly to a gloomy economic future for metals consuming giant China.
Shanghai zinc [...]
Read the full article: "Low metal prices put lead and zinc firms..."
Tuesday, October 21, 2008
Blue Note Mining Inc said that the halt in production comes in to effect as current prices of the commodity make the complex unprofitable in spite of an excellent operating performance.
Michael Judson, CEO of Blue Note Mining Inc, said:
Caribou is an operational success and we look forward to its re-opening when circumstances permit.
For Full story, click here
For company’s website, [...]
Read the full article: "Blue Note stops production at Caribou &..."
Tuesday, October 21, 2008
With zinc tumbling to $0.504 per pound on LME, a significant amount of production will shut down by next year, says Octagon Capital. If that happens, the lead market will also see a huge deficit, analyst Hendrik Visagie said in a research note.
For full story, click here
Read the full article: "Lead fell to $0.601 per pound"
Friday, October 17, 2008
Lead dropped again by 10.8 percent on Thursday and even more with $24 down to $1,336 on Friday as expected car battery demand lessens.
Traders were expecting more stocks to hit warehouses if consumption patterns from the automotive and construction industries continued to falter due to the economic downturn.
Read the full article here.
Read the full article: "Base Metals Down on Demand Woes"
Thursday, October 16, 2008
Santa Fe Metals Corporation found lead in their 2,000 metre drill program on its Lobos property in the States of Zacatecas and Durango, Mexico.
At Charcos, drill hole L-BD08-7 intersected significant mineralization over four meter and eight meter intervals with values as high as 0.7% zinc and 0.29% lead.
Read the entire article here.
Read the full article: "Santa Fe Metals Finds Lead"
Thursday, October 16, 2008
By Heather Matthews – exclusive to Lead Investing News
Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers.
After the report details surfaced, [...]
Read the full article: "Zinc and lead tumble as base metals fall"
Thursday, October 16, 2008
Lead MPB3 fell as much as 7.9% to $1,396 a tonne, down from $1,515 due to demand concerns for metal used in batteries.
North American shipments of replacement automotive lead-acid batteries fell 8.6 percent in August from July, a U.S. industry group said late on Wednesday. [ID:nN15343279]
While, J.D. Power and Associates, which tallies U.S. auto sales [...]
Read the full article: "Lead Down on Demand Worries"
Wednesday, October 15, 2008
Lead dropped $130 or 7.9% to $1,510 a ton. After 5 years of deficits the market will show a supply surplus of 49,000 tons. Standard Bank expects an average lead price of $1,890 a ton in 2009 and $1,740 a ton in 2010.
Lead is mostly used in car batteries and “current forecasts suggest there will [...]
Read the full article: "Lead Declines"
Wednesday, October 15, 2008
Trevali Resources Corp has discovered additional high-grade tailings material in its Santander silver-lead-zinc project in the Cerro de Pasco District of west-central Peru.
The average of all eleven one-metre deep pits collected to date is 2.3 oz/t (71.5 g/t) silver, 0.46% lead, 4.79% zinc and 0.18% copper (n equals 11) (Table 1).
Read the complete article here.
Initial [...]
Read the full article: "Trevali Identifies Silver, Lead & Copper"
Tuesday, October 14, 2008
by Heather Matthews – exclusive to Lead Investing News
Zinc and lead metal spot prices showed improvement in today’s markets: this rally represents a positive development for base metals. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment.
Zinc is currently trading at a bid/ask of .06494/0.6585, showing an [...]
Read the full article: "Zinc and lead spot prices rally"
The Lead Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
LeadInvestingNews.com maintains a focus on Lead exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
For upcoming lead investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Friday, October 24, 2008