Lisbon-based International Zinc Study Group’s latest report showed that the global zinc market was in surplus by 121,000 in the first 10 months of 2008. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines on-stream. Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices [...]
Base metals plunged as LME inventory continued piling up. Zinc increased to $1,110 a tonne. For full story, click here
Key domestic users of zinc such as auto and steel sectors can raise a toast as a study by a global industry body has forecast that outlook for the metal continues to remain bleak for the next 12-15 months, mainly on oversupply. For full story, click here
The sharp fall in zinc prices may continue in the short term (two to three months) with no major demand forthcoming. Prices have already crashed 48 per cent from $1,700 a tonne three months back to $1,150. For full story, click here
Zinc prices declined more than 5 % as recession worries triggered a commodity sell-off across the board, For full story, click here
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 [...]
Analysts predict that Rising production and weak demand will keep zinc prices under pressure in 2008 as stocks continue to accumulate. For full news, click here
Zinc prices are rising again due to fresh demand from steel companies and fund buying after dip in prices. For full story, click here
Tuesday, February 3, 2009