Lloyd Smale
04-20-2007, 08:51 AM
this is from a guy who sells casting lead on greaybeards forum.
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Even if you don't buy from me you need to go ahead and get your lead now. The cost of lead has doubled in just the past nine months alone and is up almost 400% in the past 4 years, Tin prices set a new record price yesterday and antimony isn't far behind.
My supplier recently raised prices on me almost 200%. I shouldn't complain though as they kept the same price for a long time even with the price of lead going through the roof. My prices will almost certainly have to go up when I update my prices again in May.
I hear the reason for this is that China controls much of the worlds supply of tin, and is also making HUGE purchases of lead and antimony on the open market. While I don't pretend to know the future I have been told to expect lead at 1.50 a pound or more by the end of the year. Tin is being monopolized by the Chinese now and its price is expected to be above 15 dollars per pound by the end of the year. If world economies slow down then these prices should fall and that's what I'm hoping for.
If you get wheel weight lead you should go ahead and stock up on it. Get as much as you can. Go to the ranges and collect the lead bullets.
After proofreading this post I realize I sound like Chicken Little running around screaming "The shy is falling" but in this case I have been amazed at the rise in prices for base metals and I wanted to share this with you guys.
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Even if you don't buy from me you need to go ahead and get your lead now. The cost of lead has doubled in just the past nine months alone and is up almost 400% in the past 4 years, Tin prices set a new record price yesterday and antimony isn't far behind.
My supplier recently raised prices on me almost 200%. I shouldn't complain though as they kept the same price for a long time even with the price of lead going through the roof. My prices will almost certainly have to go up when I update my prices again in May.
I hear the reason for this is that China controls much of the worlds supply of tin, and is also making HUGE purchases of lead and antimony on the open market. While I don't pretend to know the future I have been told to expect lead at 1.50 a pound or more by the end of the year. Tin is being monopolized by the Chinese now and its price is expected to be above 15 dollars per pound by the end of the year. If world economies slow down then these prices should fall and that's what I'm hoping for.
If you get wheel weight lead you should go ahead and stock up on it. Get as much as you can. Go to the ranges and collect the lead bullets.
After proofreading this post I realize I sound like Chicken Little running around screaming "The shy is falling" but in this case I have been amazed at the rise in prices for base metals and I wanted to share this with you guys.