By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc prices have been on board for the base metal rally, zinc on the LME is currently trading for $1,633.50 per tonne, up 30 per cent so far this year. The metal used to galvanize steel touched a four-year low of $1,038 on Dec.12, [...]
Lead dropped again by 10.8 percent on Thursday and even more with $24 down to $1,336 on Friday as expected car battery demand lessens. Traders were expecting more stocks to hit warehouses if consumption patterns from the automotive and construction industries continued to falter due to the economic downturn. Read the full article here.
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 [...]
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. [...]
Industrial metals climbed after a steep drop leaving lead at more than a 5% high. Lead for three-months delivery on the London Metal Exchange jumped to $1,658 per tonne and was at $1,655.25 per tonne by 1502 GMT versus Wednesday’s close of $1,575 a tonne. Lead and zinc prices were also boosted by a Chinese [...]
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 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 [...]
Concern that China may stop production of their lead smelters as concentrate supply falls caused an increase in lead prices. China is the world’s biggest producer of lead. Falling inventories also provided the metal support, analysts said. Lead inventories on the LME fell 1,350 tonnes to 69,175 tonnes on Friday. Find the article here. [...]
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.
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