Articles Tagged "LME"

Lead was $30 higher to $1,300 per tonne

Prices of base metals were mixed as copper and aluminium inventories in London Metal Exchange warehouses advanced again. The industrial metal, lead was $30 higher to $1,300 per tonne. For full story, click here  

Vedanta Resources announces lower profit

Profit declined by 24.7% at India-focused miner Vedanta Resources in the 6 months to 30 September and earnings fell 7%. beacuse of the falling lead LME prices and rising input/energy costs. Anil Agarwal, chairman of Vedanta Resources, said: In these challenging and uncertain markets, the group has produced a strong performance and we continue to make progress on [...]

Zinc and lead chase stock rally

By Leia Michele Toovey- Exclusive to Lead Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]

Low metal prices put lead and zinc firms under pressure

By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc were on par with this week’s bearish market sentiment. Growing evidence that the financial crisis was spreading throughout the globe hit the metals hard; most influential this week was news that pointed directly to a gloomy economic future for metals consuming giant China. [...]

Zinc and lead tumble as base metals fall

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 [...]

LME Lead Down 6 Percent

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.   [...]

Lead prices stable as Dow Jones plunges

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 [...]

Base Metals Continue to Slump

Lead dropped on the MCX by an average of three percent with concerns about reduced global demand and an increase of problems within the European banking sector.  London Metal Exchange‘s warehouse inventories supported lead and zinc with a gradual decline. According to Gallipeli, zinc prices continue to find support as the metal is perceived to be [...]