Lead prices jumped 50% in the last week here in SE MI. Looks like I'm out of business. Oh well.
Netherwolf
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Lead prices jumped 50% in the last week here in SE MI. Looks like I'm out of business. Oh well.
Netherwolf
Your not alone ! Here in Saskatoon Iv'e been waiting for the right moment to buy a thousand pounds of W/W and was just about set to do the deal this coming friday . Last I checked they were selling for .25 a pound as of yesterday they are now .80 cents per pound and suposidly going up fast . The scrap dealer claims that this is the fatest climbing scrap comodity at this time .
Ok, just checked here, Was looking to trade some WW for Lead... Scrap yard is buying WW for $.25/lb and selling lead for $.75/lb...
If you look at the LME graphs, the stocks have been steady, but price is rising.. Could it be the e-Idiots selling for $1/lb driving it up???
"Unnh, Negative. I am a meat popsicle."
Chuck
Perfect time to get in on some Modified Wheel Weight Alloy. Needs no added tin and is ready to go right in your pot!
Pete
Zbench
Norcal price is 19 cents if you sell scrap lead
Then they offer it back to me in the same condition for 90 cents
$150 per kg here in australia. just picked 30kgs of lino.
Welcome to the forum Rock.
Lead foot;
What the heck are the Chinese buying all the lead now?
Spot price on new lead has been hovering around a buck for a while now. Historically, it's about half of that. Last December, it was down around $0.40
http://www.kitcometals.com/charts/lead_historical.html
“an armed society is a polite society.”
Robert A. Heinlein
"Idque apud imperitos humanitas vocabatur, cum pars servitutis esset."
Publius Tacitus
Most of the World's new lead is mined in China. Evidently, a few months back there was a revolt in one of the gulags (Oops, I mean town) where they mine it because people were dying from lead poisoning. They shut down operations in that area which has impacted the availability and the futures price of lead.
The audacity of some people expecting to not die from doing their job. What is the world coming to?
Pete
Zbench
I was going to buy a ton two weeks ago at $0.15 a pound. My truck was in the shop, got it back yesterday. Went in to the scrapyard this morning ready to spend $300, and the dealer told me $2,400!!! $0.95 in two weeks!!!
ΜΟΛΩΝ ΛΑΒΕ
1/20/13
My local metals merchant used to have 3 five foot by five foot by four foot deep bins full of wheel weights for $.25 per pound. i could even sort them on the spot. That was three months ago.
I went out to buy a couple hundred pound this week and all the bins were completely empty. I was told large companies are contracting to buy all the wheel weights they take in and that is happening everywhere.... What we feared is happening.. Just a heads-up, guys......
"Hindsight is always so much more accurate than foresight, but well considered foresight so much more valuable." - Dwight D. Eisenhower
Just goes to show you have to strike when the iron is hot and buy all you can aford when the price is low.
Lead foot;
It is here to in Mn Go figure
Price i going up everywhere.
WW w/ Tin Group buy is loooking bettere every day.
In God WE Trust!
NRA Life Member
"I'll keep my guns, my money and my freedom, you can keep the change!"
WOW$150 per kg here in australia
I hope you mean $1.50 / KG
That would be $58.78 / lb in US$ @ $150 AUS / KG
If that's true, I think I should be in the lead export business!!!
NRA life member
LB
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