Articles Tagged "India"

Base Metals Continue to Slump

Lead dropped on the MCX by an average of three percent with concerns about reduced global demand and an increase of problems within the European banking sector.  London Metal Exchange‘s warehouse inventories supported lead and zinc with a gradual decline. According to Gallipeli, zinc prices continue to find support as the metal is perceived to be [...]

Lead Prices Set to Dip Further

Mumbai, India reported yesterday that lead is expected to continue to fall due to decreased demand and increased supply.  Lead did find some support after the world’s largest producer of lead, China, suffered their Sichuan earthquake in May.  As well, July saw lead rise on a fear of decreased production from China and its resulting [...]

Lead rallies in India

Indian lead futures jumped more than 5 percent on increasing cancelled warrants. Debjyoti Chatterjee, vice-president, MAPE Admisi Commodity Pvt Ltd, said: It’s the increase in cancelled warrants that has supported the lead rally, which is a clear indication that there is physical demand. For more information, click here

Lead Future Rises 1.55%

Speculative buying lead to a rise in lead futures of 1.55 percent.  An expected demand for lead for things such as batteries lead to traders buying. The most-active September contract for lead was trading 1.55 per cent higher at Rs 75.20 per kg with a business volume of 12 lots on the country’s leading Multi [...]

Hindustan Zinc cuts lead prices

India’s Hindustan Zinc on Thursday, August 7 cut the prices of lead by Rs 6,000 (USD 150 approximately) a ton. For more information, click here

Sterlite Industries Lead Results

India’s Sterlite Industries Limited announced lead production was up at an increase of 27 percent.  Sterlite Industries Limited is India’s biggest non-ferrous metals and mining company.  Recently, HZL announced Phase III of it expansion program, comprising a 210 ktpa Zinc Smelter, 100 ktpa Lead Smelter and 160 MW of Captive Power Plants. The order for [...]