Zinc prices slipped 1.43 percent on global trend
Zinc prices today slipped 1.43 per cent in futures trading on the Multi Commodity Exchange largely in line with weakening trend of base metals in overseas markets. For full story, click here
Articles Tagged "commodity"
Zinc futures have gone marginally up in range-bound trade
Zinc futures are reported to have traded 0.90 per cent lower on the Multi Commodity Exchange today as traders booked profits amid weak trend in global markets aftrer fall in US retail sales data for April. For full story, click here
Survival of the fittest for lead and zinc miners
By Leia Michele Toovey- Exclusive to Zinc investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity cycles are [...]
Zinc and lead in the New Year
By Leia Michele Toovey- Exclusive to Zinc Investing News 2008 was a year for unprecedented losses for both the zinc and lead markets. As economic malaise spread around the globe, zinc for three month delivery fell about 49 per cent. Lead, due to its close ties to the auto industry, took a staggering plunge from [...]
Carbon tax could bankrupt Australian lead and zinc
By Leia Michele Toovey- Exclusive to Zinc Investing News Australia’s carbon tax program may force miners into bankruptcy. 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 [...]
Zinc and lead chase stock rally
By Leia Michele Toovey- Exclusive to Zinc Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]
Stocks Tumble As Bailout Vote Stalls
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 [...]
Stock market crash affects lead and zinc spot prices
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 [...]
Zinc stable despite RAB hedge-fund woes
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 [...]
Of shaky zinc prices and acquisition plans
By Daniella D’Alimonte At US$0.76 per pound, zinc has made a slight recovery over the last week after it dropped to an over two and a half year low of US$0.73 earlier this month. BHP Billiton Ltd., which currently sits at around US$58 per pound (NYSE PLC), has been in the news for some time [...]
