Low metal prices put lead and zinc firms under pressure
Sun, Oct 26, 2008
Lead Investing News reports there is gloom with metal prices with the financial crisis felt all over the world.
For lead, Friday LME cash buyer was $1150.00 per tonne, seller and sentiment was $1150.50 per tonne, three month buyer $1165.00 per tonne, three month seller $1166.00 per tonne, 15 month buyer $1210.00 per tonne, and 15 month seller was $1215.00 per tonne. Lead commenced the week at just over $1400.00 per tonne, cash buyer, seller and sentiment. This was lead’s biggest weekly decline since 1980.
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Tags: bearish market, China, Copper, financial crisis, futures, gold, investing news, Lead, lead investing, LME, market sentiment, metal, metals, mines, mining, mining company, oil prices, opec, price of zinc, zinc
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