hot pb
Aaagh ... u r indeed an olympian then. Probably feel as I do to the extra stability the LEAD in our keel gives our sturdy boat.
Many dont realise how FEW PRIMARY Pb deposits there are in this world .... and the cinderella effect likely in consequence.
In a depressed world, costly metal mines shut down. And since Pb is usually a byproduct of other base metal production, its supply reduces.
Yet in a depressed world, we will still need to drive around even if in old bombs cos we cant afford to buy new ones. And we still need to change those batteries hence demand will probably stay constant in the face of reducing primary supply. Even as more chinese and indians move from pushbikes to motorbikes .... same thing.
And if world just changes over to new hybrid cars, again the demand increases cos more Pb is used in these cf normal.
Same kinda thought for Co .... cos most of this comes as by-product from nickel production ...... which would reduce in depressed global economy hence reducing supply of Co.
CMR have PRIMARY and globally significant reserves of BOTH Pb and Co ...... and the flexibility to concentrate on either as well as Cu to take advantage of relative changes in short term prices. Thats the sulphides.
And now U as well which is gonna get increasingly short no matter what from here on. What a wonderful supermarket for bad times even.
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
