Prices in world market of lead decreased
World market prices of lead have decreased. The average price of this metal at the London stock exchange of metals at last tenders and on spot market in Shanghai has decreased.
Almaty. October 13. Kazakhstan Today - World market prices of lead have decreased. The average price of this metal at the London stock exchange of metals at last tenders and on spot market in Shanghai has decreased.
Price for lead in the Chinese market is much higher than at the London stock exchange of metals.
Bank Macquarie has lowered the forecast on prices for metals as it expects more serious recession of consumption in the USA and Europe than it was forecasted earlier. In the long-term prospect the bank expects increase of prices owing to arising complexities with financing of the new projects resulting in slower growth of delivery volumes of lead to the world market in the nearest years as compared to its demand.
According to the forecasts of British analytical group CRU International, the prices for lead, most likely, will continue to fall in the near future.
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The deputy stated that many industrial companies acquire vehicles and equipment only (780 projects or 49.5%) with the support received from the Industrial Development Fund, which has nothing to do with the development of the industrial sector.
Moreover, according to the industry review of the National Bank, a weighted average capacity utilization in the manufacturing industry stood at a mere 51.1% in the fourth quarter of 2023. This raises a question of whether annual capital infusions in new projects are reasonable, said the deputy.
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Kazakhstan recovers 40bln tenge of illegally acquired assets
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Kazakhstan turns to high-value added manufacturing with building polyethylene plant it Atyrau region
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We on the part of the state provide comprehensive support in the implementation of projects important for the country's economy. At the same time, we expect you to increase the share of local content. For this purpose, it is necessary to determine the list of goods and equipment that will be mandatorily purchased from domestic producers. Special attention should be paid to training of Kazakhstani specialists and transfer of competences. It is important for us to maximise the attraction of local personnel, including for management positions in the project. We count on a similar approach in the implementation of other joint projects," Prime Minister emphasised.
Thus, in addition to the plant "Polyethylene" it is planned to build a gas separation complex and a trunk pipeline.
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