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Why is LEAD so high? CHINA's to blame

Discussion in 'Uncategorized Threads' started by hoggy, Jul 6, 2007.

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  1. hoggy

    hoggy TS Member

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    I read this article and it says a lot.
    http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/06/cnmetal106.xml
     
  2. C H S

    C H S TS Member

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    Did you miss the part about "restricted supply" partly because of lower production at mines in Australia because of bad weather? I guess China is to blame for the weather too.

    Andy
     
  3. g7777777

    g7777777 TS Supporters TS Supporters

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    Its called competition for limited supply

    China isnt to blame-- they are a competitor-- just like they are for oil

    the USA is no longer the dictator of world economics

    regards from Iowa

    Gene
     
  4. Cherokee Kid

    Cherokee Kid TS Member

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    The title of this thread reveals startling ignornace.
     
  5. Big Al 29

    Big Al 29 TS Member

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    Didn't we go over this shit for tha past 6 months? Its like people don't even skim through the threads and read the titles. There must have been 50 threads about how China is buying the lead.

    No shit. Tell me some goood news for once like the US cracked 20 lead mines that have been capped for the past 20 years.
     
  6. mrskeet410

    mrskeet410 TS Member

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    That article makes Australia sound like it is as much "at fault" as China.
     
  7. oleolliedawg

    oleolliedawg Banned User Banned TS Supporters

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    How does anyone in China afford $30/bag of shot when their wages are supposedly so low?
     
  8. hoggy

    hoggy TS Member

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    OK so I should have made the title. Why is Lead so high? IS CHINA TO BLAME? BTW who's fault is it that China has sent us tainted tooth paste and poisoned pet food? I do want to make it clear I am NOT prejudiced against anyone or any nation. And I do admit I am not very smart when it comes to economics.
     
  9. Jim Brown (the puller)

    Jim Brown (the puller) TS Member

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    Shortly after I started shooting trap in 1978, the price of shot rose to around $23 a bag. The reason then is the same as the reason today: lead is being purchased for nuclear shielding. There are a lot of nuclear power plants being built around the world. Lead is a commodity and very much affected by 'supply and demand' economics. Add to the situation the energy costs to deliver the commodity to end-users, and you should be able to see why I recently paid $26.99 each for two bags of 8.5 shot.

    By the way, that $26.99 is a lot less painful today than $23 was back in 1980.
     
  10. g7777777

    g7777777 TS Supporters TS Supporters

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    Olliedawg-- you really arent that dumb are you? you must be trolling

    you think China uses lead for shot? you think that is the main use for lead in china?

    geeeeeeeeeeeee

    regards from Iowa

    Gene
     
  11. handlepuller

    handlepuller Well-Known Member

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    I think it was a joke Gene, and actually kind of funny!
     
  12. oleolliedawg

    oleolliedawg Banned User Banned TS Supporters

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    Gee Gene, it's nice to see China's economy is so awash with capital. Their salaries must be skyrocketing compared to ours. How else can they afford $30 for a bag of shot?

    That's putting it another way now that you realize China is a net exporter of lead!!
     
  13. DoubleAuto

    DoubleAuto Well-Known Member

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    Went in Wal-Mart Sporting Goods department last night. Their fixed weight
    dumbbells were $14.97 for 25 pounds. Made in China. Don't know if they are made
    of lead or not.
     
  14. mrskeet410

    mrskeet410 TS Member

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    Jim Brown (the puller) - Good points. I remember that price shock. And I remember when shot broke $10/bag in the early 70s. It went from around $6.50/bag to ~$16/bag. But it came back down to under $10. I remember another surge and drop in addition to that and the one Jim Brown mentioned. Japan was the bad guy then...and unleaded gasoline???

    This bump lasted longer and went higher than I expected.

    But there is good news. Some guys at the club were trying the get a group together to rent a truck and drive to somewhere far far away to save maybe 10%. Why is that good news? Because everytime I was asked to join one of those ventures shot prices dropped within a year.

    BTW - I always thought it made more sense to rent a truck and buy several tons when the price was LOW. But I never did. Thinking smart is easier than doing smart.
     
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