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Lead sinks lower on LME

Discussion in 'Uncategorized Threads' started by Roger IL, Nov 21, 2007.

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  1. Roger IL

    Roger IL TS Member

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    Fall baby fall,,,,,,,,,,,,,,,,,Roger
     
  2. Jeff P

    Jeff P Well-Known Member

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    If it cracks $1.30, it will likely fall all the way through a buck.

    But I doubt it will go below $1.30

    If you see $35 shot again, you'd better buy enough for a looonng time.
     
  3. skeet_man

    skeet_man Well-Known Member

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    shot locally was $36.50 last week, before any fall in spot price, so i'd bet i'll be able to buy it in the high 20s by spring if the trend continues (eagle magnum)
     
  4. shannon391

    shannon391 Active Member

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    I think you'll see It much lower than $35. Metals are a very volatile market.
     
  5. Jeff P

    Jeff P Well-Known Member

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    I hope you all are right!!!!

    I have just over 100 bags right now...at an average price of $26.25. I hope the price comes down before I run out.

    Next time I see shot that cheap I'm buying 5 tons.
     
  6. likes-to-shoot

    likes-to-shoot Well-Known Member

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    Skeet-man...........Where are you? Shot is still $50 a bag in Iowa
     
  7. WTW

    WTW Member

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    Just priced shot at $36.95 here in s.e. Pa. Eagle
    plus 6% sales tax
     
  8. omahasportingsupply

    omahasportingsupply TS Member

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    1.355 at close on Kitcometals.com
     
  9. Jeff P

    Jeff P Well-Known Member

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    I'm not following the prices that closely, but a looking at the chart above, price support is going to be at the $1.30 level...the fact that it went to there, and then rebounded to close at $1.35 is not good. Would have been better for us had it closed below $1.30.

    Although as Shannon noted...commodities are VERY volatile.

    The long term outlook for lead usage is high, though...all those hybrid cars use batteries. China and India using the stuff like crazy. If the world goes electric cars, lead might stay high until we start recycling the big batteries out of the cars.

    Shot was $52 in Anchorage today.
     
  10. phirel

    phirel TS Member

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    None of this can be correct. There were many on this site who assured us that shot would go up to $100 per bag within a year.

    Pat Ireland
     
  11. hmb

    hmb Well-Known Member

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    Be patient Pat. HMB
     
  12. mrskeet410

    mrskeet410 TS Member

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    I saw a History Channel/Discovery Channel show about lead. In the USA, almost all lead from car batteries is recycled back into that use. It seemed from the show that recycling car batteries hasn't yet developed in China and India. That struck me as odd, as the recycling process is a nasty labor intensive process. They'll figure it out.
     
  13. shannon391

    shannon391 Active Member

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    Jeff P,

    I geuss I'm being optomistic, It is an industrial metal and seems to be in high demand as you stated. Hopefully for our sport supply will exceed demand.
     
  14. bigclown

    bigclown TS Member

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    Michael Moore is working on a film about all this...shooting is destroying the environment and cheap lead will hasten the demise of the planet. Stand by. Best Regards, Ed
     
  15. Haskins Bill

    Haskins Bill TS Member

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    I was told years ago that the main use of recycled lead from batteries was in lead based paint! Of course when that was banned from use in homes the recycling market went south. Do not try to melt dowwn batteries for their lead for shot. It will be of very poor quality, besides the fact of being dangerous. Better to get the $2.00 for an old battery at a recycler.
     
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