Platts declared that the wide spread between Chinese refined zinc prices and those quoted on the London Metal Exchange has led to a rise in zinc imports over the past three months, as local importers make huge profits. For full story, click here
Some zinc players are expecting to see the first glimmers of an economic restart, the mathematical realities of supply and demand are still holding sway for now, with price assessment for special high grade zinc inching down slightly to 2.8 cents plus LME cash from last week’s 2.85 cents. For full story, click here
The LME industrial metals have recently been sluggish at historical lows with sentiment in thrall to the dual financial and manufacturing crisis gripping large parts of the developed world. Zinc too has seen increasing LME warrant cancellations with the result that almost 13 percent of total metal in the system is now earmarked for physical [...]
Global zinc prices on the London Metal Exchange opened this month at 49 cents per pound, continuing the downward trend from their price of 50 cents in February 2009 and 54 cents in January 2009. Mr James Hensler CEO of Horsehead Corporation, said: It’s soft right now, pretty much across the board. We are certainly [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
The miner revises rates of its base metals mostly twice a weak in tandem with the price movement at the London Metal Exchange. Silver rates are reviewed almost daily. for full story, click here
Base metals plunged as LME inventory continued piling up. Zinc increased to $1,110 a tonne. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News On the London Metal Exchange (LME), zinc prices have nearly halved to $1,198 a tonne from the end of 2007; last Thursday, lead fell to a two-year low in London. After reductions in automobile production, both General Motors Corp and Ford Motor Co cut vehicle production [...]
Prices have already fallen by 55.8% in the year to date to $1,120 per tonne on London Metal Exchange (LME). For full story, click here
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 [...]
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