Articles Tagged "lead metal prices"

Meridian Drilling Hits High Grade of Lead and Zinc

Meridian Minerals (ASX: MII) has announced the assay results from its Kapok West prospect wherein a 14 diamond drill holes were drilled. As of this date, completed holes includes 31 holes are classified as infill holes. The infill holes has intersected stacked lenses of high grade, up to 30.5% combined lead and zinc. Meridian’s Managing [...]

Economic Slowdown Impacts Demand for Lead

The worries over the global economic outlook may see a big impact on base metals including lead.  China shut down one of their three mines owned by China’s top lead producer, Yuguang Gold & Lead Co. and still the global lead market was in surplus of 23,000 tonnes in the first seven months of this [...]

Lead Gained

Lead gained along with copper in Asia as investors purchased the metals following a slump. Among other LME-traded metals, zinc was up 2.3 percent at $1,585, lead gained 0.6 percent to $1,640, and nickel added 1.4 percent to $14,400 as of 10:51 a.m. in Singapore. Aluminum slipped 0.7 percent to $2,278 a ton, and tin [...]

Lead Thieves Target Sacred Building

Lead metal theft is up as prices for scrap metal skyrocket. METAL thieves have been condemned after trying to steal lead from one of York’s most historic and sacred buildings. Read the article here. In York, church and school roofs; manhole covers; bus seats; catalytic converters; and railway cables have all been targeted. Find the [...]

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 Dropped to 2-Month Low

Weak demand and global economy worries still have a big impact on metals.  Lead was up $20 from close on Thursday, however, it fell to a 2-month low of $1,662.25 before bouncing back to $1,720. Analysts said industrial metals also took their cue from the equity markets, which rose sharply in Europe and in Wall Street [...]

Metal Markets to Rebound Next Year

Analysts from Desjardins Securities indicated that metals will weather this current storm and believe selloffs have been excessive.  They see a low level of inventories and the industrialization of China as support for metals. They added that healthy consumption growth in zinc and lead will result in higher prices in the future, while consumption growth [...]

Weak Sentiment Prevails in Lead Market

Lead was down $50 per tonne at the beginning of the week and news of Galmoy Mines  has seen buyers reduce their offtake.  Galmoy Mines will be closing out their lead and zinc mine projects by 2011. Market analysts predict that lead prices may remain bound within a range of $1,950-$2,000 per tonne at LME [...]