Commodity Online declared that zinc traded lower in the commencement of the month but gained sharply through the middle. The huge production cuts in zinc and high levels of Chinese refined zinc imports led to the increase in prices. For full story, click here
Chinese domestic zinc treatment charges settled at CNY 5,500 per tonne to CNY 6,000 per tonne in July up from CNY 5,000 per tonne to CNY 5,500 per tonne in May. 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
Platts quoted state run nonferrous metals information provider Beijing Antaike Development forecast that Zinc treatment charges paid to Chinese smelters may surge above USD 130 per tonne over June to July from below USD 100 per tonne in May as more Chinese zinc mines restarted operations due to a rebound in international prices. For full [...]
Most of China’s zinc mines have resumed output, returning more than 85 percent of China’s zinc mining capacity to operation, rise from 20 percent in February. For full story, click here
The net profit of Shenzhen Stock Exchange-listed Zhongjin Lingnan Nonfemet Co Ltd, a major Chinese zinc smelter, declined by 65.73%YoY to CNY 400.39 million in 2008. For full story, click here
Platts declared that the wide spread between Chinese refined zinc prices and those quoted on the London Metal Exchange has led to a rise in zinc imports over the past three months, as local importers make huge profits. For full story, click here
China imported 77,200 tonnes of refined Zinc in February up by 518%MoM touching the record high since 2003. While the accumulative import volume in January and February touched 90,000 tonnes up by 643%YoY. For full story, click here
Arehada Mining Limited announced updates on the operations of its wholly owned Chinese operating subsidiary, Arehada Mining Corporation. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News The zinc industry has been quick to respond to the slump in prices and a host of producers have announced cutbacks and closures. However, without a definitive shift in the current global economic current; supply cuts have yet to directly improve pricing. In Shanghai, spot [...]
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