London Metal Exchange lead for delivery in three months dropped over 5%. The fall was in keeping with the fall in other base metal prices based on the rejection of US Congress’s proposed bail out plan. London Metal Exchange lead for delivery in three months fell more than 5 percent to a session low of [...]
Lead MPB3, battery material, fell as investors sold off commodities, many of which were trading in the negative. Lead dropped more than 5% from 1,960 on Friday to $1,836 a tonne. Three-month zinc touched $1,695 a tonne, down nearly 5 percent. It traded at $1,707 from $1,770. Lead and zinc have lost around a quarter [...]
Lead MPB3 was untraded. Lead MPB3 was untraded, but bid at $1,950 from $1,995 on Wednesday, zinc MZN3 traded at $1,784 from $1,790. Find the article here.
London Metal Exchange lead rose almost 5 percent based on short-covering. Lead rose 5.3 percent to a high of $2,000, before being quoted at $1,985/2,000. Find the article here.
Lead is on the rise after the US open triggered a bout of short position covering and a drop in inventory. Lead MPB3 rose more than 5 percent to $1,910 after trading up $35 at $1,840 in the rings. The metal was boosted by short-covering and a 1,350 tonne fall in LME stocks to 69,175 [...]
Hindustan Zinc, a leading metal producer, increased the price of zinc and lead by Rs 1400 a tonne and Rs 1700 a tonne, respectively. Zinc would now cost Rs 90,300 a tonne while lead would be available at Rs 99,000 a tonne, a company circular said here today. Find the article here.
A rise of cancelled warrants and dropping inventories gave lead a boost of more than 2 percent. Inventories decreased to 71,925 tonnes with a drop of 1,175 tonnes on the LME. Lead cancelled warrants on Thursday on the LME stood at 11 percent of the total stocks. Cancelled warrants indicate demand in the physical market [...]
Lead gained to $US1850 from $US1799. Read the complete article here.
Research and Markets has come out with a new study entitled “China’s Non-Ferrous Metal Industry Report, 2008.” After years of rapid expansion China’s non-ferrous metal industry has slowed. Reasoning behind the slowing momentum includes China’s accountability for 30 percent of the global total of production and consumption of non-ferrous metals and that they have exceeded the [...]
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