By Leia Michele Toovey- Exclusive to Zinc Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
European zinc producers are preparing to make further production cuts to handle growing supply glut and weak prices, world No. 2 producer OZ Minerals Ltd said on friday. For more information, click here
Decline in zinc prices has pushed OZ Minerals’ Century mine in Queensland into loss-making zone. The company is considering whether it should cut production or defer a life-extending waste rock removal program. Managing director Andrew Michelmore, OZ Minerals, said: There are a lot of people who are much higher on the cost curve (Century is about [...]
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