A brief overview of lead price developments, supply and demand and significant market movers.
Articles Tagged "lead demand"
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.
With health and environmental concerns weighing less heavily on lead, the market is now set for a positive turn.
MSN News reported that India lead futures fell on weak demand.
MSN News reported that weaker demand caused the price of lead futures to drop.
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 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.
Lead MPB3 fell as much as 7.9% to $1,396 a tonne, down from $1,515 due to demand concerns for metal used in batteries. North American shipments of replacement automotive lead-acid batteries fell 8.6 percent in August from July, a U.S. industry group said late on Wednesday. [ID:nN15343279] While, J.D. Power and Associates, which tallies U.S. [...]
Lead dropped $130 or 7.9% to $1,510 a ton. After 5 years of deficits the market will show a supply surplus of 49,000 tons. Standard Bank expects an average lead price of $1,890 a ton in 2009 and $1,740 a ton in 2010. Lead is mostly used in car batteries and “current forecasts suggest there [...]