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Is lead the next hot commodity?

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ta2693

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I just read a industry report, it said lead will have 50000 ton shortage in 2007.
I think that may make lead the next hot commodity.
Does anyone know what company is ASX has world class lead deposit. What company has world class deposit of lead?
Thank you.
 

Yes, Lead is a good commodity to buy:
https://www.aussiestockforums.com/forums/showthread.php?t=7430

Made some profit from Lead recently:
http://basemetal-trading.blogspot.com/2007/07/lead-trade-558-profit-in-3-days-time.html
 
Thank you Brend. But I have no experience in trading commodity. It is a new area for me. If there is some share exposed to lead,I am willing to have a go.

By the way, what broker are you using to trade commodity?
 

The first company that comes to mind is ZFX (zinifex) mines lead from century (Nth Qld) and Rosebery (Tas). LY 2005/06 production of was 107.6 Mt Contained lead.

The price of lead is now higher than Aluminium eek.

Just goes to show, last year Greg Gailey (Former MD/CEO) said in ZFX annual that they (ZFX) expect the price of lead to fall. That was when Pb was around $US0.60c/lb....tonite US$1.29c/lb. The way it is rocketing up it might even pass Zn !!!!

Cheers
Muzz
 
I know it's not a lead miner, but Sims Metal's price is very closely tied to lead as it is a major recycler of it. Bit pricy at the moment now, but I think it will just keep on growing.
 
Is any small company exposed to Lead which the market cap is below 50m.
ZFX, SGM CBH is just too big for me. It is hard to believe these elephants could be multibagger.
 
Pure Lead miners are usually not very profitable companies. The best way to tap on rising lead price is to buy Lead futures. Margin is only USD4500, this metal is affordable to most people.
 
PDZ is a small cap company that has reported very high lead&zinc grades over 1.1km of a possible 10 km strike. more drilling results are due soon and a new drilling programme about to start! dyor
 
Think Lead might take over Zinc soon lol…In all seriousness maybe its not a laughing matter the way lead is trading at the moment, no matter how other metals are performing it just keeps going up. Zinc on the other hand is stuck in a trading range largely between $1.60/lb -$1.75/lb and for the majority of the time trading towards the lower end of this range.

Most companies that mine Zn also mine considerable quantities of lead such as ZFX, KZL, CBH, PEM; I wonder whether these companies will cut back on Zn production to increase there lead output to take advantage of leads current price appreciation. I was listening to a CBH presentation last night saying they thought lead was topping and were happy to partially hedge at these current prices but you never know these days as soon as hedge funds get involved the skies are the limits.

Inventories have remained relatively unchanged over the past 6 months and cancelled warrants are fairly low at 1400t. While we have seen Zinc inventories decline by around 18,000-19,000t over the past 6 months with cancelled warrants remaining robust for the majority of this time period. So why has Zinc been lagging of late? Oh well suppose I can’t complain $1.60/lb is still highly profitable for many Zinc miners and the appreciation in lead is making up for a bit of the Zn disappointment at the moment.
 
ta2693 said:
Thank you Brend. But I have no experience in trading commodity. It is a new area for me. If there is some share exposed to lead,I am willing to have a go.

By the way, what broker are you using to trade commodity?
Click to expand...

I'm using a broker in Singapore.
 
You might want to check out copper strike. Fat Prophets has a report on them. They have a few projects, but the most advanced is a very large low grade copper project that is due for a BFS soon.

However. They recently had some very impressive strikes of lead/zinc/silver deposits very close to the proposed copper mine, with more on the way. A much revised BFS incorporating a multiple mine, polymetalic project is due in a few months...
 

I bought Comex Copper futures when copper price is lower, at current price I'll not place my bet anymore (downside risk is too high in my view).

My trades:
http://basemetal-trading.blogspot.com/2007/07/sold-1-lot-copper-today.html

http://basemetal-trading.blogspot.com/2007/07/comex-copper-usd1500-profit.html
 

Lead is trading at $3400, way beyond my expectation.
 
GREENS said:
Think Lead might take over Zinc soon lol…In all seriousness maybe its not a laughing matter the way lead is trading at the moment, no matter how other metals are performing it just keeps going up.
Click to expand...

Lead seems to be going up faster than other commodities. Seems to have hit a near all time high last night on kitcometals.com
 

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PEM has a large exposure to lead, they are trading near their lows and market expects a rather large earnings upgrade very soon.
 
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