Zinc Mining Juniors Ready to Meet Coming Supply Crunch
Zinc mining juniors are preparing to fill the gap between growing demand and declining production.
Articles Tagged "LME"
China Key to Zinc Market Growth
As the biggest consumer of refined zinc, news of China’s declining industrial output has pushed zinc prices lower on fears of the consequences for the global economic recovery.
Zinc Price Falls on Substantial Surplus
Zinc prices have fallen dramatically due to large surpluses of the metal. Many analysts see a surplus of upwards of 750,000 tonnes in 2011, and continuing into 2012. However, a lack of concentrate coming from mines may bring the market into balance in the future.
Copper, Zinc Advance in London on Ireland Bailout: LME Preview
Bloomberg.com reports that Zinc rose on the LME after word that the EU has agreed to the Irish bailout. The story is quoted as saying: Copper gained in London after European governments agreed to a bailout for Ireland, overcoming tensions on the Korean peninsula. Aluminum and zinc also increased. To access the full story, click [...]
Base metals gain; Fundamentals on back seat
Commodity Markets online.com reports that, fearing a dwindling supply in both zinc and lead, prices were driven up for all base metals on the LME, with the exception of Nickel.
Irish Zinc Discoveries
Irish zinc explorer, Connemara Mining has discovered two high grade zinc and lead mineralizations that could lead to the opening of one of Ireland’s largest mines. With an estimated 2 million tonnes of zinc ore, Ireland is considered to possess the ninth largest volume of reserves in the world.
Galvanizing African and Irish Zinc Resources
The world's largest zinc producer, India-focused mining group Vedanta Resources solidified its top position on May 10 announcing the purchase of Anglo American's zinc assets in Africa and Ireland. Obtaining 11 percent of global zinc production by increasing its capacity by 37 percent, the company expects to make a positive return on its investment within 3 years.
Impact of rising LME Zinc Prices has divided Chinese analysts
Platts declared that China’s zinc sector is divided over the impact of a possible continuing spike in three-month LME zinc prices. For full story, click here
Zinc surplus surged 18%
The LME three-month zinc price has surged 18 percent so far this year, making zinc the third best performer among LME base metals. For full story, click here
Citigroup forecasted Zinc to stay at $1,060 a tonne
Citigroup has declared that it expected the LME’s zinc average price to be USD 1,060 per tonne in the next 2 years. It expects market demand to remain weak until the second half year of 2010, and that the over supply quantity might surge further. For full story, click here
