I was looking at commodities the other day and noticed that almost all of the metals had recovered their inventory levels to past highs and above now that the prices have dropped on energy. The metals prices are also depressed several times as the market is still not there for them.
One metal though still depressed in price has not had the huge increase in inventory that the other metals have had even though its main use has depressed quite a lot, that metal is lead. Its inventory levels are at their lowest. Since car batteries comprise the major use for lead, anyone have any inside information on why the supply is so low?
I thought the ammo companies might be stockpiling during this period of low prices since there is still high demand for ammo.
Any insider theories?
One metal though still depressed in price has not had the huge increase in inventory that the other metals have had even though its main use has depressed quite a lot, that metal is lead. Its inventory levels are at their lowest. Since car batteries comprise the major use for lead, anyone have any inside information on why the supply is so low?
I thought the ammo companies might be stockpiling during this period of low prices since there is still high demand for ammo.
Any insider theories?