According to Neil Buxton, managing director of GFMS Metals Consulting in London, the short-term outlook for zinc prices is weak. He also forecasted that zinc prices will average 52¢/lb this year. He believes the worst will be behind the market and demand will begin recovering while stocks will melt away. 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 [...]
The forecast average for 2009 Zinc prices is $1.05 as the supply pipeline for zinc looks plentiful. For more information, click here
Western Mining Co, China’s second-largest lead miner, lowered zinc output forecast for 2008 as falling zinc concentrate prices reduced first-half profits. The company was quoted as saying: Western Mining expects to produce 54,300 tonnes of zinc, down from its initially planned 70,000 tonnes. For full story, click here
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