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 continues to fall and experience weak trading. Lead prices were also pounded down by ILZSG data that revealed a 23,000 tonne lead surplus over the first seven months of 2008. Lead prices are expected to find strong support at 82.53 rupees and further downside seems restricted from that level,” said Way 2 Wealth’s Prasad. Read the [...]
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