Lead is one of the major metals that hurt by the economic recession. The Metal has been weakening since February and has not shown any sign of recovery so far. For more information, click here
Chinese smelter officials said China’s lead industry is seeking preferential value-added tax, or VAT treatment for lead concentrate imports to cut sourcing costs. For more information, click here
Lead moved to $1038 from $1030 in trading on Monday as sentiments improved. For full story, click here
The miner revises rates of its base metals mostly twice a weak in tandem with the price movement at the London Metal Exchange. Silver rates are reviewed almost daily. For full story, click here
The company has lowered lead rates, used primarily by battery, rubber and paint industry by INR 1,300 a tonne to INR 68,900 a tonne. For full story, click here
Lundin Mining said to close Galmoy zinc-lead mine in Ireland in May. Was to close on a phased basis over three years from end-2008. For full story, click here
Lead closed at $1,109 from $1,145 and tin closed at $10,800 from $11,100. For full story, click here
Transport problems at Xstrata will have effects on shipments of zinc concentrate and lead bullion from Townsville port during February and March. For full story, click here
Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here
Berong Corporation based in the Philippines. At $10,130 a tonne, a key ingredient in making stainless steel, has touched a record low compared to its all-time high price of $15,800 a tonne, reached in May 2007. For full story, click here
Tuesday, February 24, 2009