OTCPK:IVWFF - Post by User
Post by
Tomatkinson May 27, 2011 5:42pm
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Post# 18637363
Closure of Magellan adding to Lead production shor
Closure of Magellan adding to Lead production shor
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Market Nuggets: Lead Producers Will Struggle to Keep Up With Growing Demand for Metal - BNP Paribas
27 May 2011, 11:20 a.m.
By Kitco News
https://www.kitco.com/
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(Kitco News) -- Global lead demand will rise by close to 6% in 2011, but world refined
lead production is not growing as fast as the demand, says BNP Paribas. The acceleration
in global lead usage for the automotive industry as well as electric bicycles and lead-acid
batteries has outpaced supply and production. BNP Paribas says that “lead producers will
increasingly struggle to keep up with such demand growth.” The growth has until recently
been dominated by China, but the latest mine closure of Magellan means that it’s
uncertain when and if it will restart, further hampering future lead output potential.
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