Lead and the Automotive Battery Market
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.
Articles Tagged "China"
Chinese Battery Plant Shutdowns Affect Lead Market
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.
China Shuts Most Lead-Acid Battery Producers to Curb Pollution
Bloomberg reported that new pollution legislation forced some Chinese battery producers to shut down.
Qiao Xing Universal Acquires Balinzuo Banner Xinyuan
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 Take a Hit as Risk Averse Investors Flee Base Metals
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.
China’s H2 lead demand to drive up higher car sales
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 slipped at MCX
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
China’s Shaanxi province to purchase lead as an adhoc reserve
China’s Shaanxi province is purchasing a total of 77,000 tonnes of refined lead and zinc from four local smelters as an ad hoc reserve to support smelters that suffer from weak demand. 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 [...]
China Western Mining says Goldman unit reduces stake
China’s second-largest lead miner Western Mining Co reported that a unit of Goldman Sachs had cut its stake in the firm from 8.1 percent to 3.1 percent. For full story, click here
