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Sidelock
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http://www.iht.com/articles/2007/08/05/bloomberg/bxcom.phpCame across this link on the Cast Boolits website. Good news for my dwindling #8 shot supply. Craig
Ask not for whom the dog barks, it barks for thee...
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I saw that report last August and was quite pleased. Spread it around and- I'm now hoping those I told can't remember it was me. The KITO 6 month gragh does show an erratic leveling of the price for August and September, but I think retail inventory stockpiles disallowed a discount to shot buyers. And the price of lead, for what ever reason, goes up again? I wonder if the oil companies have anything to do with the metal markets? Probably global warming hurricanes off the southern coast blowing those low floating ships around?
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Sidelock
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The price of lead hit $1.80 yesterday, a record high, on the LME (London Metal Exchange), demand has exceded supply for 5 years, A major smelter is down in Austrailia and you think prices are coming down. It is my strong opinion that lead will be very tight and even higher priced for the next 5 years.
bill
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Sidelock
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I am not really concerned about it at this time, but if lead prices are up, I suspect that major smelter is down for repair and upgrade. No matter how much they don't want to do it smelter operators (Rio Tinto??) know they must eventually do scheduled maintenance.
What is really bothersome is the lack of bismuth shot.....
Mike
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Whatever happens, I'm sure it will be blamed on President Bush.
> Jim Legg <
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Sidelock
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It must be China, they need more lead for their toys and paint!
Craig
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Sidelock
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It must be China, they need more lead for their toys and paint!
Craig I don't know about the paint but they need a LOT of everything. I have been working on and off at a powerplant in New Mexico that last month or so. Original projected price. $160million. Final price $380million due to demand for similiar materials in China. I don't know if these numbers are really accurate but you get the idea. I have read that China is bringing one new 350-500 MEGAwatt generating station online every WEEK. That is a lot of material for building, and then the infrastructure to put the power to use.
Last edited by Utah Shotgunner; 10/12/07 12:01 PM.
Mike
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They're also buying a lot more cars, with a lot of lead batteries in them.
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Sidelock
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The New York Times ran a recent online article about this. It's not just the batteries for cars in China, but those for electric bikes, which are appearing all over the world, including the U.S. As gasoline prices rise, the consumer's cost of the juice needed to go an equivalent distance is considerably less. While the usual Chinese electric bike has a 36 volt battery assembly, there are now 48 and 72 volt models coming onto the market, with proportionately larger battery assemblies, and therefore more lead. According to the article, this is one of the factors driving lead's steep rise. The 72 volt bikes, incidentally, can cruise along at highway speeds, but are banned in some Chinese cities. Because they're silent, and sometimes run lightless in China to save power, they're called "whispering death".
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