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 [...]
Continue reading "Lead Jumps More than 5 Percent"
Wednesday, July 16, 2008
Along with other industrial purposes, one of leads main and growing uses continues to be in batteries. Peter Theyer, geologist for Winnipeg’s Wildcat Exploration, says it is almost irreplaceable for this use at this time. This is largely because of the high volumes of cars being produced. Previously used in a lot of household products [...]
Continue reading "Introduction to Lead Investing"
Wednesday, July 16, 2008
In order to increase metal prices as well as save electricity and complete maintenance 27 of China’s smaller lead and zinc smelters agreed to reduce production by 10 percent in July and September. Analysts have also suggested that building a stockpile of lead will help keep prices stable. Tong Leshen, an analyst with the Shanghai [...]
Continue reading "Chinese Lead Smelter Production Reduced"
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Thursday, October 9, 2008