Zinc Investing News reports zinc prices have not improved despite supply cuts. In Shanghai, spot zinc traded at about 9,350 Yuan a tonne on Thursday versus 13,850 Yuan 3 months earlier. For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.
Continue reading "Will Chinese purchases boost zinc and lead demand?"
Tuesday, December 16, 2008
Lead Investing News reports lead price has fell to more than 60% this year. Lead has joined the likes of platinum and palladium in being hit by poor automotive sales data. However, analysts say that lead has been unfairly grouped with these metals. Only around 10 per cent of lead demand is directly linked to new [...]
Continue reading "Will Chinese purchases boost zinc and lead demand?"
Monday, December 8, 2008
Zinc Investing News reports zinc prices has fallen about 52% . A build-up of large inventories of unsold zinc has prompted many to predict further price declines. Production cutbacks have yet to hit prices as it can take up to four months for ore pulled out of a mine to end up as shipped metal. This means [...]
Continue reading "Low zinc and lead inventories threaten price stability"
Monday, December 8, 2008
Lead Investing News reports lead prices have fell to its lowest point. Lead prices on the LME are poised to fall further after dropping sharply in the previous session. Analysts are now forecasting that the metal’s demand base could weaken further as growth in China continues to shrink and car sales keep falling. Lead for delivery [...]
Continue reading "Low zinc and lead inventories threaten price stability"
Friday, December 5, 2008
Copper Investing News reports copper futures fell to a low dating back in July 2005. London Metal Exchange (LME) warehouse stocks fell to 292,775 tonnes, a drop of 250 tonnes. Inventories are still running about 50 per cent above September at their highest levels since January 2004. Indian copper futures traded steady with a downside bias on [...]
Continue reading "Recession or depression?"
Tuesday, December 2, 2008
Zinc Investing News reports zinc prices have fallen to $1,198 a tonne, lowest in 2 years. After reductions in automobile production, both General Motors Corp and Ford Motor Co cut vehicle production as sales slumped to their lowest level since 1991, the metal used in car batteries took a hit. Lead for delivery in three months [...]
Continue reading "Will zinc production boomerang prices?"
Monday, November 24, 2008
Zinc Investing News reports due to the slow global economic outlook, zinc prices have declined further. Right now, zinc is priced at around $0.54 a pound on the LME; at this value about half the world’s zinc is being produced at a loss, and up to a half million tonnes of capacity elsewhere is under threat of [...]
Continue reading "Zinc and lead companies underwater"
Monday, November 24, 2008
Lead Investing News reports lead miners are earning little profits as the global economic is on a slowdown. Due to zinc and lead’s low prices many miners are underwater and therefore rethinking business strategies. OZ minerals may have no choice but to keep its loss generating Century Mine in operation because shut down costs would be [...]
Continue reading "Zinc and lead companies underwater"
Monday, November 17, 2008
Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them. Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 million. [...]
Continue reading "Carbon tax could bankrupt Australian lead and zinc"
Monday, November 17, 2008
Zinc Investing News reports the carbon tax in Australian may bankrupt the zinc and lead miners. Nyrstar, the countries largest zinc and lead miner, issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 million a year, assuming a carbon [...]
Continue reading "Carbon tax could bankrupt Australian zinc & lead"
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Tuesday, December 16, 2008
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