Price of Lead to drop!

[davinci]

http://www.iht.com/articles/2007/08/05/bloomberg/bxcom.php

 

[Justin]

This is happening because I purchased a bunch of lead bullets about two weeks ago.

Y'all can thank me.

 

[Gord]

We need a return to alchemy. Say, a venture to turn steel and bimetal to brass.

 

[ArmedBear]

LOL

I posted a casual prediction of this while the market was riding really high some weeks ago, and it was generally scoffed at.

Humans can be so shortsighted and unimaginative, it's pretty scary.

...and people on gun boards can be so enamored with bad news and the expectation of bad things in the future, too...

 

[Ala Dan]

I had stocked up on lead bullets for various calibers of handguns, before it
skyrocketed; and I still have a bunch on hand that I will use from.

 

[texas bulldog]

of course, the ammo manufacturers will go right ahead and roll back their recent price increases, right?

riiiight...

 

[RoadkingLarry]

So I guess I can take the armed guard off the backstop at my backyard range?

 

[halvey]

Predictable. The demand has decreased because of all the toy recalls.

The Chinese cannot use lead paint on our kids toys anymore.

Simple.

 

[RangerVA]

Predictable. The demand has decreased because of all the toy recalls.

The Chinese cannot use lead paint on our kids toys anymore.

Simple.

LOL

 

[scout26]

and lead is at a record high of $1.80 per lb today....... It will come down.....

 

[SoCalShooter]

Thanks JUSTIN for doing your part. Thank you very much.

 

[trueblue1776]

Dang, so much for the lead ring I bought for my wife's BD, better pawn it quick.

 

[raz-0]

of course, the ammo manufacturers will go right ahead and roll back their recent price increases, right?

riiiight...

Well, I don't know about the ammo manufacturers, but the component manufacturers might. Mostly those who cater to high volume pistol shooters. The price of jacketed ammo pushed a lot of folks to lead or coated lead ammo. Which also jumped, due to both increased demand, and lead prices. We are demonstrably at the threshold where people will move away from jacketed over price. If they lower their prices a little, they can create an even bgger differential and draw in even more.

That downward price pressure shoudl be enough to keep the plated and jacketed guys honest to some degree.

As for factory ammo? Who knows, it will likely depend on how long the war goes on, ammo orders, and if the record level of ammo sales go down. For them, copper is also a much large portion of the pricing equation, and although copper has seemed to stabilize within a price zone, it still is pretty high.


Oh yeah, and the analysts suggested avoiding lead, as they viewed the runup to be limited to about 18 months. It'd be nice to see this article be right and end it sooner. Good article though, as it explians some of the details, which I wasn't finding anywhere.

 

[hotpig]

It has taken two years to get the prices up. I doubt that they will go down over night just because one component dipped in price.

 

[Ohio Rifleman]

Now we just need copper and brass to go down, and we'll be in business...

 

[Bazooka Joe71]

Too bad the only people that are going to save money are the big wigs at the ammo manufacturers.

 

[Dysfunctional Individual]

Virtually any commodity or security at multi-year highs is ripe for a correction, which doesn't mean much for the long term.

 

[Creeping Incrementalism]

Are any of you aware that the typical bullet only has about 2 to 4 cents worth of lead in it?

 

[trueblue1776]

$.02-.04 is a lot when you buy 10K.

 

[Outlaws]

1 metric ton = 1000 kilograms = 15,432,358.4 grains

15,432,358.4 / 230 grains = 67097.210434782608695652173913043 230gr. 45 bullets

If the price drops to $1700/metric ton:
0.025336373732740680776309601518846 per 230gr. 45 bullet

I don't cast yet, but can you buy 10,000 lead bullets for anywhere close to $253.36?

 

[Gary Frost]

$1.80 a lb?? I just sold 2,000 lb for .45 a lb today. none of the scrap yards are paying over .50 a lb. Where is this place?

 

[FieroCDSP]

You should have bulked that out ot the casting reloaders for 1.25 a pound.

 

[scout26]

$1.80 a lb?? I just sold 2,000 lb for .45 a lb today. none of the scrap yards are paying over .50 a lb. Where is this place?

Try the London Metals Exchange. Although they might laugh at your 2000 lbs. They deal with the the mines and manufacturers for contracts for hundreds (if not thousands) of tons of smelted/refined metals. Think of it as Wall Street for metals

 

[Robert Hairless]

Perhaps the greatest accomplishment of gun owners is that they (especially reloaders) have achieved what medieval alchemists were not able to do, and they do it in reverse. Gun owners turn gold into lead.

 

[davinci]

the prices there are the commodity prices for hundreds to thousands of tons of metals and what they pay miners for the raw product.

think of your scrapyard and garage sales as a farmer who grows corn out of his back yard and tries to sell it out of his garage... he can charge much more, or much less that what the commodity is worth to the commercial folks who need a whole bunch of corn to make corn chips.

That said, no you folks who don't reload will not see a decrease. Ammo companies know now that you'll pay it (just like we pay hundreds of dollars for a few dollars worth of hardened steel with the Kimber name engraved on the side) all of you reloaders and especially folks who cast their own bullets, are going to see much more savings.

If you don't reload yet, you've really missed something, or you've just got money to burn.