Investing in Lead

Lead is a common base metal that is very malleable and ductile. It has many uses, with a major one being lead-acid batteries for cars. Lead is usually found with copper, silver and zinc. Lead is a very corrosion-resistant, dense, ductile, and malleable blue-gray metal that has been used for at least 5,000 years. Early uses of lead included building materials, pigments for glazing ceramics, and pipes for transporting water. The castles and cathedrals of Europe contain considerable quantities of lead in decorative fixtures, roofs, pipes, and windows.

Prior to the early 1900s, uses of lead in the United States were primarily for ammunition, brass, burial vault liners, ceramic glazes, leaded glass and crystal, paints or other protective coatings, pewter, and water lines and pipes. The advent of the electrical age and communications, which were accelerated by technological developments in World War I, resulted in the addition of bearing metals, cable covering, caulking lead, solders, and type metal to the list of lead uses. With the growth in production of public and private motorized vehicles and the associated use of starting-lighting-ignition (SLI) lead-acid storage batteries and terne metal for gas tanks after World War I, demand for lead increased. Most of these uses for lead continued to increase with the growth in population and the national economy. Contributing to the increase in demand for lead was the use of lead as radiation shielding in medical analysis and video display equipment and as an additive in gasoline.

By the mid-1980s, a significant shift in lead end-use patterns had taken place. Much of this shift was a result of the U.S. lead consumers compliance with environmental regulations that significantly reduced or eliminated the use of lead in nonbattery products, including gasoline, paints, solders, and water systems. More recently, as the use of lead in nonbattery products has continued to decline, the demand for lead in SLI-type batteries has continued to grow. In addition, the demand for lead in non-SLI battery applications also has continued to grow. Non-SLI battery applications include motive sources of power for industrial forklifts, airport ground equipment, mining equipment, and a variety of nonroad utility vehicles, as well as stationary sources of power in uninterruptible electric power systems for hospitals, computer and telecommunications networks, and load-leveling equipment for electric utility companies. By the early 2000s, the total demand for lead in all types of lead-acid storage batteries represented 88% of apparent U.S. lead consumption. Other significant uses included ammunition (3%), oxides in glass and ceramics (3%), casting metals (2%), and sheet lead (1%). The remainder was consumed in solders, bearing metals, brass and bronze billets, covering for cable, caulking lead, and extruded products.

BHP Billiton (NYSE: BHP) - Their Cannington mine is the world's largest and lowest cost single mine producer of lead and silver.
Rio Tinto (NYSE: RTP) -
Yunnan Luoping Zinc & Electricity Co. (SHE: 002114) - Lead concentrate
Ivernia (TSE: IVW) - - Owns and operates the Magellan lead mine in Australia
Yunnan Tin Co. (SHE: 000960) - Lead ingots
Jiangxi Copper Company (OTC: JIXAY)
Yunnan Chihong Zinc & Germanium Co. (SHA: 600497) - Electrolytic lead

Lead price chart -

International Lead and Zinc Study Group -
Lead Development Association -

(wiki) - Lead on Wikipedia

Lead News
2011-06-13 - (hbl) - Hindustan Zinc hikes lead price to Rs 1.32 lakh/tonne
2010-11-10 - (ck) - Western Mining to buy lead zinc ores in Sichuan
2010-11-08 - (mw) - Silvercorp to acquire BYP gold-lead-zinc mine in Hunan Province, China

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