Commodity sell-off affects zinc & lead
Tue, Oct 7, 2008
Zinc Investing News reports zinc and lead metal commodities are being sold off as the financial bail-out plan was approved by US Senate legislation.
As of October 6/08, spot prices for zinc and lead have plunged 4.53 and 6.10 percent, respectively. This commodity sell-off is affecting zinc and lead companies as well, with lower stock quotes across the board. The price of oil is also dropping rapidly, affected by a stronger US dollar and worries about demand based on the troubled global economic climate.
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