Output cuts brought on by steep declines in zinc demand may drag out talks between miners and smelters negotiating refining fees beyond this week’s annual American Zinc Association’s (AZA) event. Industry sources said: Sizeable mine shutdowns since the fourth quarter should surely drag TCs below last year’s deals. For full story, click here
Hindustan Zinc today has cut prices of zinc, used in producing galvanized steel by INR 1,000 per tonne to INR 67,900 per tonne with effect from today. For full story, click here
Korea Zinc will cut production by 10 percent or 45,000 tonnes for 13 months until the end of 2009. For full story, click here
Boliden says it cutting its zinc production at its Finnish and Norwegian smelters. For full story, click here
South Korea’s Young Poong plans to cut zinc production by 10 percent. For full story, click here
Bulgaria’s KCM said it will cut zinc output by 16 percent this year and and lead output by 9 percent. For full story, click here
Boliden says it cutting its zinc production at its Finnish and Norwegian smelters. For full story, click here
Leading metal producer Hindustan Zinc said it has reduced prices of zinc and lead by Rs 2,800 a tonne and Rs 3,400 per tonne, respectively. For full story, click here
Namibian zinc miners said that the fall in the prices of zinc on the international market amid a slowdown in global economic growth would seriously hurt their revenues but assured the market they would continue digging. For full story, click here
Teck Cominco will slash spending, sell assets and suspend dividend payments under a sweeping plan to cut debt. For full story, click here
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