Articles Tagged "futures"

Shanghai zinc surged 5 percent

Zinc futures in Shanghai jumped by their 5 percent daily limit on Monday, chasing the rally in copper which is on its seventh consecutive session of gains. For full story, click here

China to force out lead and zinc juniors?

By Leia Michele Toovey-Exclusive to Zinc Investing News Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions.  The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate.  The government has also mentioned that it wants to support the industry’s [...]

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 [...]

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 [...]

Zinc futures may climb up

Zinc futures are expected to trade higher as Huludao Zinc Industry has halted 27% of it total production capacity which represents 105,000 tons of production. For full story, click here

Carbon tax could bankrupt Australian lead and zinc

By Leia Michele Toovey- Exclusive to Zinc Investing News Australia’s carbon tax program may force miners into bankruptcy. Nyrstar, the countries largest zinc and lead miner, issued a response to the governments proposed taxation scheme.  Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 [...]

Zinc and lead chase stock rally

By Leia Michele Toovey- Exclusive to Zinc Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]

Low metal prices put lead and zinc firms under pressure

By Leia Michele Toovey- Exclusive to Zinc Investing News Lead and zinc were on par with this week’s bearish market sentiment. Growing evidence that the financial crisis was spreading throughout the globe hit the metals hard; most influential this week was news that pointed directly too a gloomy economic future for metals consuming giant China. [...]