The lead Lead Price is steadily increasing on the LME. Telephone Damm has large grades of Lead and Zinc from old 2011 drill holes (Check Presentation)Pb 2%>12%.
Read Below Robin Bromby's article in the Business Australian. Interesting comments. Large grades can be separated at a very low cost with Gravity circuit method.
Then, on the base metals scene, it was General Motors giving lead a boost. The carmaker is dropping the lithium-ion battery from its Malibu hybrids and going back to lead-acid ones, finding them cheaper, taking up less boot space and lowering the risk of battery fire. Roger Bade at London broker Whitman Howard commented that GM's decision might prove right those analysts who have lead as their top pick. "There is a spark of life left in the old dog after all," he said.In fact, lead was the best performer at the London Metal Exchange on Friday, up 1.3 per cent to $US2102 a tonne.But are we being foolish looking for the next big thing? Bade, incidentally, suspects so. In his latest quarterly review, he sees the metals market as drifting into a 1980s-1990s scenario of well-supplied commodity markets. "So investors better adjust to the fact that rampant commodity prices aren't going to bail out poor assets -- or poor managements," he says.Bade thinks investors will tire of poor returns from the mining sector and turn back to the more consumer-oriented sectors of the stockmarket.Stephen Briggs at BNP Paribas likes lead, too. Along with tin and zinc, he thinks the three are now more attractive than copper. Lead is still heading for a 13,000-tonne surplus this year but inventories at LME and Shanghai warehouses have been dropping, declining 71,000 tonnes so far this year.
- See more at: http://www.theaustralian.com.au/business/opinion/whos-seeking-to-sink-gold/story-fnciihm9-1226739260094?sv=460c84b3567c5790e6b8c7ea88c5148#sthash.xLNb7VhJ.dpuf
TRF Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
