Zinc futures on Monday went up by up to 1.31 per cent, extending its upward journey, on the Multi Commodity Exchange in tandem with firming trend in Asian trade amid increased global demand for the metal. For full story, click here
Standard Chartered has expected an upward momentum in zinc next year as demand improves, and has targeted zinc at $1,500 per tonne for 2010. For full story, click here
While surging equity markets and supposed revival in market sentiments are adding to gains of industrial metals, the demand supply scenario will continue to portray a dismal picture. For full story, click here
Zinc futures surged by 1.63 per cent in morning trade on the Multi Commodity Exchange today as traders covered up part of their outstanding positions at lower levels on expectations of a pick-up in demand in the spot markets. For full story, click here
Citigroup has declared that it expected the LME’s zinc average price to be USD 1,060 per tonne in the next 2 years. It expects market demand to remain weak until the second half year of 2010, and that the over supply quantity might surge further. For full story, click here
Platts announced that with demand for zinc still dormant, particularly from the steel mills, Platts price assessment for special high-grade zinc in the US inched lower this week to 2.85 cents plus LME cash from the long-standing 3-cent level. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of [...]
Base metal prices have toned down a little after a week long climb as investors booked profit. However, demand may soon outshine supply at the London Metal Exchange. Metals including zinc have in the past few months fell sharply from their multi-year highs. For full story, click here
Exxaro will continue its loss making zinc business for now, speculating on future demand from South Africa and beyond, and said it expects the market to pick up in 2010. For more information, click here
Base metals will continue to remain upbeat on positive outlook for investment in infrastructure and consumer durables, the two major users of base metals. For full story, click here
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