Market surplus continues to affect zinc
Tue, Sep 9, 2008
Zinc Investing News reports lead and zinc spot prices have dropped by 26% due to surplus.
The impact of this surplus is manifesting itself in myriad forms - mine closures, decreased production, and faltering stock prices. This week, Australian mining company Intec decided to convert its Tasmanian Hellyer Zinc Mine to maintenance only, resulting in job losses for all but a few essential employees.
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Tags: australia, China, commodities, commodity futures, global meltdown, Inventories, investing news, investment, investors, Lead, lead spot prices, market, metal zinc, mine closures, mining company, prices, production, smelters, stock prices, surplus, zinc, zinc production, zinc spot price
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