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.
Continue reading "Base Metals Down on Demand Woes"
Monday, August 25, 2008
Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. experienced a 1.77 percent profit loss compared to the first half of last year due to the sharp decline of lead and metal prices. The Shenzhen-listed company produced lead and zinc concentrates of 145,400 tons in terms of metal from, at par with those of 2006, and smelted zinc [...]
Continue reading "Zhongjin Lingnan Profits Fell"
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Friday, October 17, 2008