Qiao Xing Universal Resources Inc. (XING), an emerging Chinese resources company headquartered in Huizhou, Guangdong Province, has announced that its wholly-owned subsidiary Chifeng Zhongtai Mining Co., Ltd. has signed a letter of intent with Chifeng Xingu Mining Co., Ltd., to acquire the 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd.. This is for [...]
Lead prices on Monday lowered down on MCX trading session due to the weak economic prospects of China and Japan. The lead prices were seen stagnant in the domestic futures market since the morning. For full story, click here
The main reason behind fall in European Goldfields revenues is fall in lead prices which have more than halved, and hit sales from the Stratoni operation in Greece and led to the dip in revenue. For full story, click here
Metallico announced that its lead Fabricating segment was impacted by the price of lead. Prices for refined lead also began to drop in the second half of 2008 and continued to decline until year end, reflective of global demand that weakened during the same period. For full story, click here
As per Sharekhan’s report, lead prices are likely to correct in the immediate short term after rallying for ten consecutive sessions. For full story, click here
Vedanta Resources group firm Hindustan Zinc reported that it has hiked prices of lead. For full story, click here
Chinese spot lead prices are expected to decline to RMB 10,000 ($1,462.16) per ton in the near future due to weak downstream demand from lead-acid battery manufacturers. For full story, click here
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 [...]
Zinc and lead closed with a marginal upward movement of 4.86 per cent and 3.52 per cent on the week at $1,165 and $1,177, respectively. For full story, click here
Lead prices started climbing as restocking by metal traders, rise in industrial activity supported metal prices. For full story, click here
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