Output cuts and layoffs hit zinc and lead miners
Sun, Nov 9, 2008
Lead Investing News reports the lead markets aren’t doing very well with output cuts and layoffs.
At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti corrosive in galvanized steel is currently selling for around $1,120.00 per tonne, less than half the metal’s January value.
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Tags: concentrates, Copper, copper mine, cut, demand, galvanized steel, global equity, gold, Lead, Lead Market News, metal, metals, Mine, mineralization, miners, mines, mining, ore production, price of metals, resources, smelters, takeover plans, zinc, zinc production
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