By Heather Matthews – exclusive to Lead Investing News Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers. After the report [...]
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 [...]
Trevali Resources Corp has discovered additional high-grade tailings material in its Santander silver-lead-zinc project in the Cerro de Pasco District of west-central Peru. The average of all eleven one-metre deep pits collected to date is 2.3 oz/t (71.5 g/t) silver, 0.46% lead, 4.79% zinc and 0.18% copper (n equals 11) (Table 1). Read the complete [...]
by Heather Matthews – exclusive to Lead Investing News Zinc and lead metal spot prices showed improvement in today’s markets: this rally represents a positive development for base metals. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment. Zinc is currently trading at a bid/ask of .06494/0.6585, [...]
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 [...]
Police in Stockton, England are pleased to announce the success of their scrap yard recovery operation. Thieves who have been stealing lead and then selling it to scrap yards may be thwarted in their attempts based on Operation Graphite. Inspector Steve Young noted a decreased number of metal theft reports compared to the previous six [...]
Lead on the London Metal Exchange lost over six percent. By 0427 GMT, London Metal exchange lead <MPB3=LX> fell 6.6 percent or $110 to $1,550 a tonne, zinc <MZN3=LX shed 6.2 percent and aluminium <MAL3=LX> lost 5 percent as investors abandoned metals along with equities and other industrial raw materials. Read the article here. [...]
Full Metal Minerals completed an additional 13 drill holes at their LWM Carbonate Replacement Deposit (CRD) at the Fortymile property in eastern Alaska. Drill hole LWM08-45 is the furthest northeastern step-out hole with assays to-date on the property, and encountered 6.95 meters true width averaging 4.9% Zn, 11.6% Pb and 181.3 g/t Ag, including 2.6 [...]
By Heather Matthews – Exclusive To Lead Investing News Lead spot prices remained unchanged on the London Metal Exchange (LME) as the Dow Jones plunged 700 points today. Investors raced to unload stocks as widespread fears about the current financial crisis continued. Lead is currently priced at 0.7406 (low) to 0.7497 (high), with no changes [...]
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