A brief overview of lead price developments, supply and demand and significant market movers.
Articles Tagged "China"
New reports cite tightening supply, surging battery demand as major catalysts in the coming year.
Bloomberg reported that demand for lead is growing as a result of battery makers depleting stock in Chinese warehouses.
Lead Investing News spoke with Carol Knies from Exide Technologies, a leading battery producer, about the role of lead in automotive batteries and the outlook for demand.
In May, an concerns of lead poisoning prompted the Chinese government to shutdown lead battery and recycling plants producers. The shutdowns have worried market observers regarding the demand for lead.
Bloomberg reported that new pollution legislation forced some Chinese battery producers to shut down.
Qiao Xing Universal Resources Inc. (XING), an emerging Chinese resources company headquartered in Huizhou, Guangdong Province, has announced that its wholly-owned subsidiary Chifeng Zhongtai Mining Co., Ltd. has signed a letter of intent with Chifeng Xingu Mining Co., Ltd., to acquire the 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd.. This is for [...]
Lead futures declined sharply on Monday, as risk adverse investors abandoned the volatile base metals market and headed for the safe haven investments such as gold.
As per sources at smelter and battery makers, higher vehicle sales may drive up second-half demand for lead in China, the world’s top lead and automobile market. Tang Chenghe, chairman of smelter Anyang Yubei Gold and Lead stated: There will be a gap between the car sales and demand for lead. (The demand) would be [...]
Lead prices on Monday lowered down on MCX trading session due to the weak economic prospects of China and Japan. The lead prices were seen stagnant in the domestic futures market since the morning. For full story, click here