Archive for March, 2009

Lead prices slip as supply exceeds demand

According to International Lead and Zinc Study Group data, lead prices have averaged 52¢/lb so far this quarter, as compared with 56¢ in the fourth quarter of 2008, as refined metal production continues to exceed demand for the same. For full story, click here

Lead prices affect Metalico’s production

Metallico announced that its lead Fabricating segment was impacted by the price of lead. Prices for refined lead also began to drop in the second half of 2008 and continued to decline until year end, reflective of global demand that weakened during the same period. For full story, click here

Lead trading at four month highs

It has been a good second session especially for base metals prices. Lead has been an out performer in 2009, up 32% year-to-date and also is trading at four month highs. For full story, click here

HNC holds 74.28% stake in Abra Mining

HNC is a subsidiary of Hunan Nonferrous Metals Holdings Group Co., Ltd which is the largest producer of finished lead and zinc products in China announced that the company holds 74.28 percentage stake in Abra mining’s company and has been distributing dividends to its shareholders since 10th oct, 2008. For full story, click here

China to force out lead and zinc juniors?

By Leia Michele Toovey- Exclusive to Lead Investing News Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions.  The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate.  The government has also mentioned that it wants to support the [...]