Mumbai, India reported yesterday that lead is expected to continue to fall due to decreased demand and increased supply. Lead did find some support after the world’s largest producer of lead, China, suffered their Sichuan earthquake in May. As well, July saw lead rise on a fear of decreased production from China and its resulting [...]
Continue reading "Lead Prices Set to Dip Further"
Wednesday, July 23, 2008
Higher oil and gold and a weak dollar have seen lead rising on the London Metal Exchange and Comex MCX. Analysts believe that if the present bullish fundamentals continue, then lead has a potential to test $3,500 a tonne in the coming weeks. “If last year’s fundamentals hold correct and the momentum rally continues [...]
Continue reading "Lead Goes Up"
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Friday, August 22, 2008