Lead prices have rallied surprisingly strongly...LME official three-month lead prices had been trading in the $1,000-1,050/tonne range two weeks ago, but had rallied to $1,200/tonne by Friday last week. The strength has spilled into this week too, with the officials set at $1,226/tonne yesterday. This caps a gain of more than 20% in just two weeks. ...
Lead prices on the London Metal Exchange (LME) touched a record high of $3,900 a tonne on October 10, 2007 (about Rs 1,66,920) but have been slipping since then.
demand for lead will emerge from September onwards as winter season approaches in India and China.
"Fourth quarter every year generally sees a flurry of demand for base metals, mainly from the lead battery makers," SMC's Bharti said.
Around 70 per cent of total lead produced in the world finds place in lead acid batteries mainly used in the automobile industry.
October 14, 2009..
NEW DELHI: Continuing its upward trend, lead prices moved up further by another 0.94 per cent on Wednesday largely on the back of overnight gains in industrial metals in the global markets.
Weak dollar against major currencies also supported rise in lead prices.
Lead for November contract rose 0.94 per cent to Rs 102 per kg with a business volume in 75 lots. It had gained 1.49 per cent in the previous trading.
The metal for delivery in October contract also gained 0.9 per cent to Rs 101.45 per kg with a business turnover in 662 lots.
At the LME, lead ended 2.3 per cent higher at $2,220 per tonne on Tuesday’s trading.
Market analysts said firming trend in most of base metals in global markets on expectations of pick up in demand after signs of economic recovery mainly boosted metal prices at domestic futures market here. They said weakening US dollar against major c urrencies also bolstered the trading sentiments. — PTI
Now Bob, I'm wondering what in the hell, the NRA has to do with influencing that global market??..
While I can agree to 'some' extent, that "ammunition" prices have been influenced by a 'well founded' fear/apprehension of the now liberal domination in Washington, I think "blaming" the nra for global lead prices is a bit over the top.
Let us place the 'blame' on ammunitio hording, where it belongs. On the liberal administration, and their desire to disarm our society. Not on the most prominent organization and leader in supporting our second ammendmant rights.