Peru’s Volcan Compañía Minera S.A.A., world’s No. 4 producer of zinc and silver is planning to invest up to $250 million for expansion and exploration. Volcan’s General Manager Jose Herrera is quoted saying: “We see investment in 2010 at between $200 million and $250 million … to upgrade the (Cerro de Pasco zinc-silver) mine, explore, [...]
Interfax-China declared that China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd have received the last two regulatory approvals for its proposed AUD 10 million investment into zinc miner Terramin Australia Ltd. 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 [...]
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 [...]
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 [...]
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 [...]
Russia’s Chelyabinsk Zinc Plant has abandoned plans to develop a mine near its main production asset and will cut investments after falling metal prices led to a H1loss. Troika Dialog, metals analyst Sergei Donskoi, said: The management has no other option but to cut production in order to preserve cash. For full story, click here For [...]
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 [...]
by Heather Matthews – exclusive to Zinc Investing News Zinc and lead metal spot prices showed improvement in today’s markets: this rally represents a positive development for base metals. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment. Zinc is currently trading at a bid/ask of .06494/0.6585, [...]
By Heather Matthews – Exclusive To Zinc Investing News Despite the passing of the 700 billion dollar U.S. Treasury bailout plan, investor confidence remains extremely low as sellers are choosing to offload commodities, including zinc metal and lead metal, at a rapid pace. As of October 6/08, spot prices for zinc and lead have plunged [...]
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