By Leia Michele Toovey- Exclusive to Zinc Investing News The Fed’s announcement to purchase treasuries sent lead and zinc on their largest ascent in two months. Fed officials voted on March 18 to buy Treasury and mortgage bonds in an effort to revive America’s economy, lifting stocks as well as commodities. Copper, zinc and aluminum [...]
Continue reading "Fed announcement spurs zinc, bypasses lead"
Monday, March 2, 2009
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 [...]
Continue reading "Market sentiment wins in price tug-of-war"
Sunday, February 22, 2009
Output cuts brought on by steep declines in zinc demand may drag out talks between miners and smelters negotiating refining fees beyond this week’s annual American Zinc Association’s (AZA) event. Industry sources said: Sizeable mine shutdowns since the fourth quarter should surely drag TCs below last year’s deals. For full story, click here
Continue reading "Zinc output cuts may assist miners in TC talks"
Sunday, February 1, 2009
By Leia Michele Toovey- Exclusive to Zinc Investing News In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady. Zinc prices will drop by Rs 800 per tonne, to 68,900; whereas lead maintained its 70,200 per tonne level. Lead prices have remained strong [...]
Continue reading "Zinc rates cut while lead is held steady"
Sunday, January 25, 2009
By Leia Michele Toovey- Exclusive to Zinc Investing News The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines on-stream. Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices [...]
Continue reading "Output cuts extend through lead and zinc industry"
Tuesday, January 20, 2009
By Leia Michele Toovey- Exclusive to Zinc investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity cycles are [...]
Continue reading "Survival of the fittest for lead and zinc miners"
Thursday, December 25, 2008
Zinc made small gains, the level of $US1230/t will put extra pressure on companies that mine the base metal. For full story, click here
Continue reading "Pressure on Zinc miners"
Wednesday, December 24, 2008
Fat Prophets analyst Gavin Wendt said zinc and lead miners would be forced to close more capacity or postpone developments. For full story, click here
Continue reading "Zinc miners would have postpone developments"
Sunday, December 21, 2008
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 [...]
Continue reading "Cutbacks make way for zinc boom"
Sunday, December 14, 2008
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 [...]
Continue reading "Will Chinese purchases boost zinc and lead demand?"
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Monday, March 23, 2009