Zinc Futures Dipped 0.97% On Profit Taking
Zinc futures prices today traded over one per cent lower on the Multi-Commodity Exchange following profit-booking by traders on concerns about the pace of economic recovery. For full story, click here
Articles Tagged "economic"
Zinc Futures surged 1.12%
Zinc futures gained 1.12 per cent on the Multi Commodity Exchange as traders increased their positions, taking cues from strong trends in base metals globally backed by signs of economic recovery. All the three running contracts were in positive territory with gains up to 1.12 per cent. For full story, click here
Zinc Futures surged 1.12%
Zinc futures gained 1.12 per cent on the Multi Commodity Exchange as traders raised their positions, taking cues from strong trends in base metals globally backed by signs of economic recovery. All the three running contracts were in posit ive territory with gains up to 1.12 per cent. For full story, click here
Sumitomo has forecasted zinc output surge at its Bolivia Mine
Sumitomo Corp. declared that its San Cristobal mine in Bolivia is due to produce 246,000 tonnes of zinc this year, up about 41 percent from 2008′s output of 174,000 tonnes. Growing hope that the worst of the global financial slump may be over is helping to buoy the prices of metal, which will be in [...]
Shanghai zinc touched their 5 percent upside limit
Shanghai zinc touched their 5 percent upside limit on Thursday, following LME gains on optimistism about China’s first quarter economic data due to be released shortly. For full story, click here
Lead and zinc fundamentals diverge
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 [...]
Market sentiment wins in price tug-of-war
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 [...]
Output cuts extend through lead and zinc industry
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 [...]
Zinc and lead in the New Year
By Leia Michele Toovey- Exclusive to Zinc Investing News 2008 was a year for unprecedented losses for both the zinc and lead markets. As economic malaise spread around the globe, zinc for three month delivery fell about 49 per cent. Lead, due to its close ties to the auto industry, took a staggering plunge from [...]
Cutbacks make way for zinc boom
By Leia Michele Toovey- Exclusive to Zinc Investing News The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups. The mining boom we just witnessed [...]
