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Finally, the reason shot prices jumped.

Discussion in 'Uncategorized Threads' started by stokinpls, Jun 14, 2007.

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  1. stokinpls

    stokinpls Well-Known Member

    Joined:
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    Told ya we can't trust these bastidges.

    1.5 million 'Thomas & Friends' toys recalled
    Lead paint used on some wooden toys manufactured in China
    By NBC News
    Updated: 3:10 p.m. PT June 13, 2007
    The U.S. Consumer Product Safety Commission announced a voluntary recall of various "Thomas & Friends" wooden railway toys.

    The recall involves wooden vehicles, buildings and other train set components for young children listed in the chart below. The front of the packaging has the logo "Thomas & Friends Wooden Railway" on the upper left-hand corner. A manufacturing code may be located on the bottom of the product or inside the battery cover. Toys marked with codes containing "WJ" or "AZ" are not included in this recall.

    Recalled Product Name

    Red James Engine & Red James' # 5 Coal Tender
    Red Lights & Sounds James Engine & Red James' #5 Lights & Sounds Coal Tender
    James with Team Colors Engine & James with Team Colors #5 Coal Tender
    Red Skarloey Engine
    Brown & Yellow Old Slow Coach
    Red Hook & Ladder Truck & Red Water Tanker Truck
    Red Musical Caboose
    Red Sodor Line Caboose
    Red Coal Car labeled "2006 Day Out With Thomas" on the Side Red Baggage Car
    Red Holiday Caboose
    Red "Sodor Mail" Car
    Red Fire Brigade Truck
    Red Fire Brigade Train
    Deluxe Sodor Fire Station
    Red Coal Car
    Yellow Box Car
    Red Stop Sign
    Yellow Railroad Crossing Sign
    Yellow "Sodor Cargo Company" Cargo Piece
    Smelting Yard Ice Cream Factory
    Sold at: Toy stores and various retailers nationwide from January 2005 through June 2007 for between $10 and $70.

    Manufactured In: China

    Remedy: Consumers should take the recalled toys away from young children immediately and contact RC2 Corp. for a replacement toy.

    Consumer Contact: For additional information, contact RC2 Corp. toll-free at (866) 725-4407 between 8 a.m. and 5 p.m. CT Monday through Thursday and between 8 a.m. and 11 a.m. CT Friday, or visit the firm's Web site at http://recalls.rc2.com.
     
  2. smartass

    smartass TS Member

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    1,099
    Yes, that really has a lot to do with the price of shot. Dah
     
  3. revsublime

    revsublime TS Member

    Joined:
    Aug 21, 2006
    Messages:
    1,042
    no..but the incredible demand china has for batteries to power their electric bikes has been one reason given as part of the lead problem.
     
  4. Joe Potosky

    Joe Potosky Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    5,481
    Lead Prices Bounce to Record Heights

    By LAUREN VILLAGRAN 06.04.07, 3:03 PM ET

    Long banned from use in paints and gasoline in the U.S., lead has recently enjoyed a boom as Asian automotive demand soaks up supply of the metal for use in batteries - driving prices to all-time record highs.

    Lead prices have soared in a world market stuck with a supply deficit for four years straight - with a fifth year of shortage in the forecast. A combination of surging global demand and glitches in the supply chain have driven prices above $2,300 per metric ton, more than double its market price a year ago.

    Banned from use in paint and gas in the U.S. due to its toxicity, about 72 percent of the world's lead goes into car batteries, with the rest used in pigment, ammunition and other products. The demand for lead in batteries has ballooned as the world's developing nations - especially China and India - put more vehicles on the road. Rising income levels and falling car prices in those countries have made owning a car more affordable.
    General Motors Corp. (nyse: GM - news - people ), for example, said the Asia Pacific market was its strongest in the first quarter and GM expects the region to be the fastest growing in the world over the next decade, even as U.S. sales flag.

    Every new vehicle rolled off the manufacturing line needs a lead-acid battery, and each of those batteries requires an average of 24 pounds of lead, according to Toronto-based lead miner Ivernia Inc.

    On the London Metal Exchange, lead prices have climbed about 16 percent from a month ago and have more than doubled year over year. A metric ton of lead that fetched about $1,100 in May 2006 now trades above $2,300 per metric ton (1,000 kilograms or 1.1 tons), according to Barclays (nyse: BCS - news - people ) Capital data.

    Rising demand is one component of the price hike; restricted world supply is the other.

    China recently upped its tax on lead exports from zero to 10 percent to slow down a boom in lead smelting - part of the country's broader effort to curb the rapid growth of pollution- and power-heavy industries.

    "Suddenly China retains more metal at home, and that leaves the world with a deficit," said BNP Paribas (other-otc: BNPZY.PK - news - people ) analyst David Thurtell. "So the LME price has to rise until exporters in China find it profitable to export again."

    At the same time, there have been production holdups at mines around the world, including a major lead mine in Australia.

    Ivernia's Magellan mine - which puts out about 3 percent of the world's supply - has been shut down since the first week of April, after Port Esperance in Australia's southwest region suspended lead shipments over concerns about the metal's impact on local wildlife. An Ivernia spokeswoman said the Magellan mine is unique in that it is a pure lead mine, while most lead is mined as a byproduct of zinc.

    The lead in car batteries and other products is routinely recycled, but even scrap supply hasn't been able to meet the spike in demand, analysts say.

    On Monday, lead prices eased slightly then finished flat at about $2,370 per metric ton on the London Metal Exchange, which some analysts viewed as a moment of calm in the metal's frenzied spin higher.
     
  5. phirel

    phirel TS Member

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    9,556
    Joe Potosky- Two words in your above copied post explain the problem to me. They are "supply deficit".

    Pat Ireland
     
  6. ric3677

    ric3677 Well-Known Member

    Joined:
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    Messages:
    3,509
    Location:
    Montana
    How about because they can? Sorta like the price of gas? Seems to make perfect sense to me. But then most everyone thinks I am a bit odd.

    Rickyd
     
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