The lead spectulators have bought much of the lead on market( except for the military) figureing to cash in on all the new hybrid car batteries that they thought was going to be made over I Tywain, Cambodia and many of the Asian countries. Well that has not quite happened like they wanted. The economy has been going to pot along with China is becomming one of the woulds largest producers of lead. China's inflation is starting to get out of control and they can't seem to get it in check. They are buying oil for South American, African, and other countries that we won't buy from because the don't give a damn about humane rights. These countries they are getting the old for about 19 to 22.00 a barrel. They have made many deals already with these countries. But with there economy going to hell they have to start producing things cheaper with pay cuts to and longer hours just to maintain cost.
It won't be long before you will see lead prices comming down and the only ones that might and I say might make any money is the speculators that are caught with their supplies full. They are going to need to get rid of it fast because the car market is going down the drain. When I see the Auto Industry trying to tell the public a Altma ( think it was) new Hybrid of the expensive make getting 25 intown and 28 miles highway is good I don't know who their fooling but not me.
They way things are going these guys are going to need to get the lead out of their ass quick. Within the next 6 months at least or they will be looking for someone just to take it off their hands.
The lead has started to reach the shotmakers of the Big co. but Rem. And Win. are keeping that low keyed.
