Lead futures hit the lower circuit today and lost 5.01 per cent on sustained selling, sparked by dwindling trend in its prices at the London Metal Exchange. For full story, click here
Continue reading "Lead Futures has hit lower circuit on weak global cues"
Monday, March 30, 2009
Sharekhan reports revealed that the lead futures are expected to follow bearish trend in the coming days. The conservative target for this pattern is at Rs 60.30 and the aggressive target is at Rs 57. The neckline is placed at Rs 64 and the reversal level is pegged at Rs 66.80. For full story, click here
Continue reading "Lead futures may trade bearish"
Tuesday, March 24, 2009
Base metals in futures trading snapped a five-day long rally on the Multi Commodity Exchange on Tuesday as speculators indulged in offloading their holdings on renewed concerns over dwindling demand by global giants. Lead for May contract slipped by 2.40 per cent on MCX. For full story, click here
Continue reading "Lead slipped by 2.40%"
Sunday, March 8, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of [...]
Continue reading "Lead and zinc fundamentals diverge"
Sunday, December 21, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups. The mining boom we just witnessed [...]
Continue reading "Cutbacks make way for lead boom"
Thursday, December 18, 2008
December lead closed at 50.30 rupees per kg while Dcember zinc ended at 53.20 rupees per kg. For full story, click here
Continue reading "December lead closed at 50.30 rupees"
Monday, December 1, 2008
Base metal futures on MCX rose by an average 3 per cent after the People’s Bank of China lowered lending rate by 108 basis points to 5.58 per cent. For full story, click here
Continue reading "Lead rise by three percent"
Sunday, November 16, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News Australia’s carbon tax program may force miners into bankruptcy. Nyrstar, the countries largest zinc and lead miner issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 [...]
Continue reading "Carbon tax could bankrupt Australian lead and zinc"
Saturday, November 1, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]
Continue reading "Zinc and lead chase stock rally"
Friday, October 24, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc were on par with this week’s bearish market sentiment. Growing evidence that the financial crisis was spreading throughout the globe hit the metals hard; most influential this week was news that pointed directly to a gloomy economic future for metals consuming giant China. [...]
Continue reading "Low metal prices put lead and zinc firms under pressure"
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Tuesday, April 28, 2009