Go Lead (Pb), leave 'em for dead., page-102

Here's a link to the Lead price https://tradingeconomics.com/commodity/lead for people who would like to check it out themselves.

Hint: A daily update on Lead is of zero importance to financiers. They want to know with some certainty the trend over the life of the mine. They want to know if this trend + life of mine will make the risk acceptable.

So at the moment they won't be sure on price trend and stability as multiple indicators are suggesting a slow down in global growth and secondly if the new studies and any future drilling will extend the life of mine. Until they have some certainty all bets are off.

Inflation coming down will be good (less demand), but that will only mean so is GDP and the need for commodities. Lead is already in a global glut, so the swing up is likely cyclical and will remain within the range of the last couple of years.

That's before talking about committed off-takes. Who knows what BML management will need to agree too in terms of price given the glut.

Its all a bit trickier than the price of Lead going up for a day or two.