zinc declined 6.4%
Zinc prices fell 6.4% to an intra-day low of $1,090/t before trimming losses at $1,1160/t, down $5. For full story, click here
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Tag Archive | "fall"
Hindustan Zinc posts 18 % net fall in Q2
Wednesday, October 22, 2008
Indian Zinc producer posted a net profit of Rs 960 cr (US$210 million approximately) for the quarter ended September 30, 2008, a decline of about 18 per cent over the same period last year. For full story, click here For company’s website, click here
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Supply concerns expected for zinc
Tuesday, October 21, 2008
Octagon Capital said, prices declining to $0.504 per pound on LME last Friday, suggest that at least 1.3 million tonnes of production will shut down by next year. For full story, click here
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OZ Minerals’ Century mine considers production cuts
Tuesday, October 21, 2008
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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zinc falls 6 % on supply concerns
Monday, October 20, 2008
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
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Zinc set to decline in 2009 on low demand
Wednesday, October 15, 2008
According to a LME seminar on Monday, zinc prices are unlikely to recover until 2010. Gayle Berry, analyst at Barclays Capital, said: In zinc, the short and long term fundamentals were very different. For full story, click here
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Zinc prices to fall further in 2009
Tuesday, July 22, 2008
Acceleration in the growth of mine output and rising inventory levels can push Zinc prices even lower in 2009. as per Reuters survey. Gayle Berry, analyst at Barclays Capital, was quoted as saying: Although [zinc] has already fallen far, we believe it still has further to fall. We expect a more rapid inventory build as [...]
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Zinc declined 12 percent since last week on LME
Friday, July 18, 2008
As industrial production slows, investors perceive weakness in base metal prices, including zinc. Zinc prices declined by 12 percent last week on LME. Zinc prices have actually fallen below their marginal cost of production. For more information, visit here
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Monday, October 27, 2008