By Leia Michele Toovey- Exclusive to Zinc Investing News The Fed’s announcement to purchase treasuries sent lead and zinc on their largest ascent in two months. Fed officials voted on March 18 to buy Treasury and mortgage bonds in an effort to revive America’s economy, lifting stocks as well as commodities. Copper, zinc and aluminum [...]
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 [...]
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 [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News The zinc industry has been quick to respond to the slump in prices and a host of producers have announced cutbacks and closures. However, without a definitive shift in the current global economic current; supply cuts have yet to directly improve pricing. In Shanghai, spot [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News The global economic outlook seems to worsen everyday. The US, China, and India are witnessing an economic slowdown. Data coming out of Japan shows that the economy there has entered into a recession in the third quarter as corporate spending and export demand slumped. The 15 [...]
Zinc prices were unchanged at $1,180.. Rise in warehouse stocks and concerns over future demand for industrial metals capped any major advances. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti-corrosive in galvanized steel, is currently selling for around US$1,120.00 per tonne, less than half the metal’s January value. Lead prices are not fairing [...]
Zinc prices lost 6 percent tracking broad metal prices into negative territory as worries over the extent of the economic slump and demand for industrial commodities dragged on investors. For full story, click here
Firestone Ventures had made significant progress during 2008 and was well positioned to withstand the global economic turmoil, the firm said on Monday. Lori Watson, president, Firestone Ventures, said: Company’s restructuring had allowed Firestone to reduce costs and share dilution, as well as to focus on the exploration and development of its Torlon Hill zinc/lead/silver project, [...]
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