MCX LEAD TIPS 25 MAY 2012

LEAD MINE PRODUCTION IN US WAS 4% HIGHER IN FEBRUARY 2012

DATE: 25/05/2012       

Domestic Mine Production of Lead was 4% higher in February 2012, USGS report mentioned. The total average daily mine production was 961 tonnes, up 4% from Jan 2012 and 9% higher than February 2011. Domestic mine production of lead was 27900 tonnes in February 2012. Secondary mine production of lead was 5% higher than February 2011.

US imports of Lead for consumption increased by 25% in first two months of the year compared to same period last year. However, the consumption decreased by 33% in February than the previous month. US imported 87% of Lead from Canada and Mexico during the first two months of 2012.

Global LME lead stocks by February end were 369950 tonnes, higher than the end of January 2012. The stockpiles were also higher than 26% from corresponding period previous year 2011, USGS mentioned.

North American producer shipment of replacement lead-acid battery for automobiles declined by 8% to 7.63 million units in February 2012 from 8.30 million units in January 2012. Shipments of replacement lead-acid batteries were 10% less than those of February 2011, partially owing to the mild winter in the Northeast United States.

                                                                                                                             

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