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 Shanghai base metals fell by their daily limits on Friday, chasing steep falls on the London Metal Exchange (LME). The Exchange said it would make an announcement about which contracts would be suspended after the market closed. So far this year, the zinc price is down 52 [...]
The London Metal exchange inventories showed a significnt rise on Thursday, which dragged several other metals including Zinc. A LME Trader, said: The U.S. rate cut yesterday caused a short-term bubble but markets soon came back to the recent trend with prices trading lower For full story, click here
By Heather Matthews – Exclusive to Zinc Investing News Current market climate Over the past nine months, zinc and lead spot prices have declined by 26 per cent as a result of a long-term market surplus that has negated demand for the base metals worldwide. The impact of this surplus is manifesting itself in myriad [...]
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