Lead futures tumbled to hit lower circuit by losing another 4.27 per ten on the Multi Commodity Exchange on surged selling by speculators sparked by weakening global trend. For full story, click here
Sharekhan reports revealed that the lead futures are expected to follow bearish trend in the coming days. The conservative target for this pattern is at Rs 60.30 and the aggressive target is at Rs 57. The neckline is placed at Rs 64 and the reversal level is pegged at Rs 66.80. For full story, click here
The company has lowered lead rates, used primarily by battery, rubber and paint industry by INR 1,300 a tonne to INR 68,900 a tonne. For full story, click here
Lead closed at $1,109 from $1,145 and tin closed at $10,800 from $11,100. For full story, click here
Lead remained range-bound in the first fortnight of February, which moved between $1,125 and $1,160 per tonne on LME. 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
Lead prices have fallen by more than 75% from its highs. For full story, click here
Lisbon-based International Lead Study Group’s latest monthly report showed that the global lead market was in surplus by 21,000 tonnes in the first 10 months of 2008. For full story, click here
Lead prices succumbed to the pressure of global financial turmoil, as fall in demand for batteries put breaks on demand for this metal. For full story, click here
Battery-material lead was down at $1,140 from $1,145. For full story, click here
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