How to Invest in Lead
Lead, which carries the symbol Pb, is a soft and malleable metal that has a gray color once exposed to air and silver color when melted into a liquid. In certain forms and quantities, lead can lead to blood disorders or poisoning, especially in animals.Unlike most metals, lead has a poor electrical conductivity rating despite being ductile although the product is malleable. Additionally, lead is probably best known for being the resistant to radiation thanks to its heavy density which prevents gamma rays from getting through.
Lead is extremely resistant to corrosion, a physical property that makes the metal ideal for handling corrosive liquids and multiple applications in construction. In addition to its uses in roof shingles and other aspects of construction (such as lead pipes), lead is used in batteries, ammunition, and weights. Because of its high density and atomic number lead can also be an effective shield against radiation, which accounts for its use in medical vests.
Investors seeking greater exposure to lead have limited options. Investors can obtain exposure by buying futures contracts on the LME and while physical exposure is theoretically possible, the low value/density ratio of lead makes it impractical. In terms of equities, the field is also limited since a number of companies extract the metal but do so in conjunction with a variety of other products, making pure-play exposure difficult to achieve. However, there are a number of ETPs that investors can use to achieve exposure to the metal including broad industrial metal basket funds and a lead ETN that only targets lead futures for investment, giving investors targeted exposure to the metal.
Ways To Invest In Lead
Lead In The News
- Industrial Metals Lose Their Luster
- The Best and Worst Industrial Metals ETFs of 2012
- For Day Traders: The Most Liquid ETF for Every Commodity
- For Long Term Investors: The Cheapest ETF for Every Commodity
- Investing in Lead: The Definitive Guide
- Which Lead ETF Is Right For You? LD vs. LEDD
- Ultimate Guide To Lead Investing
- Welcome to Commodity HQ