1. Among these was the effort by Nelson Bunker Hunt and William Herbert Hunt to corner the silver market by buying the metal in huge quantities. 2. Consumer demand for lead rises in the third quarter when battery manufacturers buy the metal ahead of the winter. 3. Gold rose for a second day as investors bought the metal to protect themselves from plunging global equity markets. 4. In LONDON, palladium rose as Japanese traders took advantage of a dollar near a two-month low to buy the metal. 5. Investors sometimes buy the shares of producers in order to gain from company profits rather than buying the metal itself. 6. It may also seek to buy some metal from the JSP, it added. 7. Lower interest rates encourage consumers to spend more, prompting industry to buy more metals so it can increase production to meet rising demand. 8. Scrap recyclers buy leftover metals from automakers and metalworkers, as well as peddlers who collect scrap from junkyard dealers and homeowners who clean out their garages and basements. 9. So a broker would typically step in, buy the metal from the first company and sell it to the second, keeping the difference as profit. 10. They hoped to buy the metal cheaply before they must deliver it and pocket the difference as profit. |