Zinc futures on Friday shot up by 1.22 per cent on the Multi Commodity Exchange, tracking steep surge in the metal prices at Shanghai amid covering-up of short positions by traders. For full story, click here
A Western Australian junior exploration company is pinning its hopes on a recovery on the price of zinc to restart the Lennard Shelf mine. For full story, click here
ICL Financial Services, a wholly-owned subsidiary of India Cements is surging its stake in Indo Zinc by an additional 39.84 per ce-nt. As a result, ICLFSL’s stake in Indo Zinc will increase to nearly 53 per cent, since it already held a 13 per cent stake in the latter. For full story, click here
Korea Zinc Company Q2 profit dipped 13% beating analysts’ estimates, on lower prices. For full story, click here
Zinc futures gained 1.12 per cent on the Multi Commodity Exchange as traders increased their positions, taking cues from strong trends in base metals globally backed by signs of economic recovery. All the three running contracts were in positive territory with gains up to 1.12 per cent. For full story, click here
Sterlite Industries, the nation’s leading copper and zinc producer, declared a 41 percent dip in first-quarter profit after prices fell. For full story, click here
Chelyabinsk Zinc Plant has held its Annual General Shareholders’ Meeting. Participants in the AGM, including shareholders and their representatives, control 73.46% of the Company’s voting shares. For full story, click here
Zinc futures gained 1.12 per cent on the Multi Commodity Exchange as traders raised their positions, taking cues from strong trends in base metals globally backed by signs of economic recovery. All the three running contracts were in posit ive territory with gains up to 1.12 per cent. For full story, click here
Hindustan Zinc, part of Vedanta Resources, on Wednesday declared that its first quarter Net Profit slipped 15.2% due to a sharp fall in metal prices on London Metal Exchange. For full story, click here
Belgium’s Nyrstar, the world’s leading zinc producer, may divest its interests in three Chinese joint ventures. For full story, click here
Friday, July 31, 2009