Congress is divided over the proposed 700 million dollar bailout plan that is being promoted as a solution to the current stock market crisis. This morning’s vote was only supposed to take a few moments, but it has been plagued with arguments and dissent as both sides struggle to come to an agreement about the [...]
Read the full article: "Stocks Tumble As Bailout Vote Stalls"
Friday, September 19, 2008
By Heather Matthews – Exclusive to Zinc Investing News Current market climate Zinc metal and lead metal spot prices are rising despite significant fear and panic in the investing world. Following the bankruptcy of Lehman Brothers World Investment Bank, and the Federal Reserve bailout (85 billion) of AIG, many analysts are predicting that more banks [...]
Read the full article: "Lead and zinc spot prices rise despite..."
Monday, September 15, 2008
By Heather Matthews – Exclusive to Zinc Investing News Current market climate Shockwaves are running through global commodities markets as America faces one of its worst stock market crash since the Great Depression. The American housing market crisis has left many firms unprotected and over-leveraged: the bankruptcy of global investment bank Lehman Brothers has created [...]
Read the full article: "Stock market crash affects lead and zinc..."
Sunday, September 14, 2008
Income from Terramin Australia’s zinc and lead mine at Strathalbyn have crossed $1 million. Executive chairman Kevin Moriarty said: Concentrate production had exceeded expectations, with metal recoveries in the plant ahead of target and mining grades above forecast. For full story, click here
Read the full article: "Terramin’s income from Strathalbyn..."
Sunday, September 14, 2008
World zinc prices may be bottoming, as per William Adams, analyst of Basemetals.com. William Adams said: World zinc prices of 77 cents per pound this week are almost 40% lower than the 2008 peak of USD 1.28 reached in early March 2008 and are below marginal productions costs due to huge metal surplus and weak [...]
Read the full article: "Global zinc prices may be bottoming"
Friday, September 12, 2008
By Heather Matthews – Exclusive to Zinc Investing News Current Market Climate After months of investor withdrawals and plummeting profits, RAB, a major hedge funds investment firm that focuses on natural resources, has announced plans to alter its fee structure in order to keep investors. The firm reports profit a decrease of more than 48 [...]
Read the full article: "Zinc stable despite RAB hedge-fund woes"
Monday, September 8, 2008
By Heather Matthews – Exclusive to Zinc Investing News Current market climate Over the past nine months, zinc and lead spot prices have declined by 26 per cent as a result of a long-term market surplus that has negated demand for the base metals worldwide. The impact of this surplus is manifesting itself in myriad [...]
Read the full article: "Market surplus continues to affect zinc"
Monday, September 8, 2008
A major decline in the price of zinc from its 2007 peak has affected Anglesey Mining’s plan for the next stage of its Parys Mountain project. For full story, click here For company’s website, click here
Read the full article: "Zinc Price decline alters Parys Mountain..."
Monday, September 8, 2008
Zinc is expected to further decline on oversupply. Giles Lloyd of industry consultants CRU Group said: We would need very, very, very significant production losses to bring the market back to balance” in 2009. For full story, click here
Read the full article: "Zinc to further decline on oversupply"
Monday, September 8, 2008
Rapidly declining global zinc prices have claimed a fourth Australian mining casualty in three months with the closure of another mine costing 50 jobs. Intec managing director and chief executive officer Philip Wood said: The return on metals is at an all-time low in Australia. For full story, click here
Read the full article: "Zinc decline claims another Aussie victim"
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Monday, September 29, 2008