Ivernia Inc IVWFF

Lead Outlook from Xtrata-today

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Xstrata forecasts that the lead market will be “largely balanced in 2007 with global lead consumption anticipated to continue to grow, but at a comparable rate to 2006. China will continue to be a dominant force in both consumption and production. Despite strongly increasing domestic demand, exports of refined lead from China are expects to remain at similar levels to 2006 as domestic lead mine production responds to high price levels. Lead stocks should continue to remain at low levels, and consequently the market is expected to remain fairly tight through 2007, supporting lead price.”