Huludao Zinc Industry Co. Ltd of China, has halted 105,000 tonnes of production capacity, or 27 percent of its total, For full story, click here
Continue reading "Huludao slashes zinc production by 105,000 tonnes"
Friday, October 31, 2008
Kagara, that lost 89 % of its value in 2008r, will cut zinc production following a review of its operations that was sparked by a slump in prices. The company said: Management does not believe that these low metal prices can be sustained in the longer term. The majority of mines worldwide are cash-flow negative and a [...]
Continue reading "Kagara to cut production on low prices"
Friday, October 24, 2008
With zinc prices falling to $0.504 per pound on LME last Friday, current prices suggest that at least 1.3 million tonnes of output will shut down by next year, according to Octagon Capital. For full story, click here
Continue reading "Zinc is Victim to Commodity Boom 2.0"
Tuesday, October 21, 2008
Octagon Capital said, prices declining to $0.504 per pound on LME last Friday, suggest that at least 1.3 million tonnes of production will shut down by next year. For full story, click here
Continue reading "Supply concerns expected for zinc"
Tuesday, July 15, 2008
Zinc companies in China have agreed to cut production by 10 percent between July and September to reduce the large domestic surplus. Liu Xuewu, GM of Bayi Hanzhong, a zinc smelter, was quoted as saying: The production cuts will likely last throughout the summer [from July to September], a traditional sluggish consumption season. We shut [...]
Continue reading "Chinese zinc companies to cut production by 10 percent"
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Friday, November 14, 2008