By Leia Michele Toovey- Exclusive to Lead Investing News On the London Metal Exchange (LME), zinc prices have nearly halved to $1,198 a tonne from the end of 2007; last Thursday, lead fell to a two-year low in London. In lead news, after reductions in automobile production, both General Motors Corp and Ford Motor Co [...]
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.
A drop in exports from China finds lead on a 9 week high. Chinese exports of refined lead dropped 96 percent in June and fell 80 percent in the first half. [ID:nPEK277912] “Net lead exports to the west from China were at their lowest this decade in June,” said Nick Moore, analyst at ABN [...]
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