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.
Continue reading "Hindustan Zinc Hikes Lead Prices"
Monday, September 15, 2008
Industrial metals sank as investors scrambled to sell with the announcement of Lehman Brothers’ file for bankruptcy. The US financial system faced an unprecedented shake-up as Bank of America announced it would buy Merrill Lynch, AIG was reported to be seeking help from the Federal Reserve, and the Fed said for the first time [...]
Continue reading "Base Metals Including Lead Fall"
Wednesday, September 10, 2008
A reduced outlook for Freeport-McMoRan after a setback at their Grasberg mine has led to a rise in the industrial metals complex. Lead rose more than one percent. Lead MPB3 was higher at $1,789/1,7990 against $1,770 and zinc MZN3 gained $24 to $1,742/1,745, while nickel MNI3 eased $25 to $18,475. Read the entire article here.
Continue reading "Lead Rises as Freeport-McMoRan Reduces Output"
Monday, September 8, 2008
The weakened US dollar after a rise in crude oil steadied the London Metal Exchange and saw buyers bringing up base metal futures on the Multi Commodity Exchange. Copper inventories fell by 50 tons, while aluminium stockpiles declined by 1,525 tons, traders said. Meanwhile, lead gained 2.2 per cent to 1,845 US dollar a tonne [...]
Continue reading "Lead Gained 2.2%"
Friday, September 5, 2008
Lead’s two week low is partially due to the strength of the dollar although its decline is surprising given declining inventories. Nickel, zinc and lead futures also fell on Friday as the rising dollar weighed on the entire complex, analysts said. Lead futures also fell tracking the complex and on a strong dollar, despite the [...]
Continue reading "Strong Dollar Drops Lead"
Friday, September 5, 2008
Lead dropped almost 5 percent to a two week low. Lead MPB3 fell as much as 5 percent to $1,800 a tonne, a two-week low, from $1,891. It was last quoted at $1,825/1,830. Read the complete article here.
Continue reading "Lead Falls to a Two Week Low"
Thursday, September 4, 2008
The US dollar has been rising over the last month and its current strength dampened the appeal of raw materials such as lead leaving lead to drop. Lead for delivery in three months dropped $46, or 2.4 percent, to $1,900 a metric ton as of 4:38 p.m. on the London Metal Exchange. Prices rose as [...]
Continue reading "Lead Falls on US Dollar Rise"
Wednesday, September 3, 2008
Lead closed at $1,950 from $1,909 on Tuesday. The London Metal Exchange (LME) saw stocks fall to their lowest level since June with a 700 tonne drop to 79,150. move LME Cu 7340.00 70.00 +0.96 6670.00 10.04 SHFE Cu* 57710.00 410.00 +0.72 56880.00 1.46 LME Alum 2672.00 -23.00 -0.85 2403.00 11.19 SHFE Alu* 17150.00 -50.00 [...]
Continue reading "Lead Up and LME Stocks Falling"
Tuesday, September 2, 2008
Lead dropped after Monday’s close to $1,890. Lead fell to $1,890 after hitting an intra-day low of $1,850, down 4.4 percent against Monday’s close of $1,935. Read the complete article here.
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Friday, August 29, 2008
Lead was encouraged to sell on a weak technical close Thursday and investors took profits from the 5 percent gain of lead over the last week. Three-month lead MPB3 dropped 5 percent to a low of $1,940 per tonne before trading at $1,965. Read the complete piece here. Key triggers to sentiment within the base [...]
Continue reading "Lead Down Five Percent"
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Thursday, September 18, 2008