By Leia Michele Toovey- Exclusive to Lead Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
Continue reading "Market sentiment wins in price tug-of-war"
Monday, February 9, 2009
Bass Metals says a recent geological survey found the ore body is much larger than first estimated and the life of the mine could be extended. The small-scale open pit mine has been producing mostly zinc, lead and copper since October 2007. For full story, click here
Continue reading "Bass Metal output expected to increase"
Monday, February 2, 2009
The Doe Run Co. says it will cut more than 100 jobs and reduce its planned lead mining output by 1 million tons. For full story, click here
Continue reading "Doe Run reduces 2009 lead mine output"
Sunday, December 21, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups. The mining boom we just witnessed [...]
Continue reading "Cutbacks make way for lead boom"
Thursday, November 6, 2008
Lead prices this week is 66¢/lb on LME, which is 53% lower than the February monthly average peak of $1.40/lb. In the U.S., buyers reported the October price average was 78¢/lb, delivered, in comparison with a high of $1.52 March 2007. An analysis from Barclays Capital said: A majority of participants (43%) at recent LME Week activities in London [...]
Continue reading "Lead prices 53% lower"
Monday, August 11, 2008
Analysts reported that Lead prices can move higher near term, helped by lower-than-expected output in top producer China. For full news, click here
Continue reading "Lower-than-expected output in China can drive lead prices higher"
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Monday, March 2, 2009