Congress is divided over the proposed 700 million dollar bailout plan that is being promoted as a solution to the current stock market crisis. This morning’s vote was only supposed to take a few moments, but it has been plagued with arguments and dissent as both sides struggle to come to an agreement about the [...]
Continue reading "Stocks Tumble As Bailout Vote Stalls"
Monday, September 8, 2008
Zinc is expected to further decline on oversupply. Giles Lloyd of industry consultants CRU Group said: We would need very, very, very significant production losses to bring the market back to balance” in 2009. For full story, click here
Continue reading "Zinc to further decline on oversupply"
Tuesday, September 2, 2008
With dropping zinc prices taking their effect on miners, they can be forgiven for asking when the market will turn upwards — not any time soon, according to market experts. Analyst Gayle Berry at Barclays Capital said: The market will turn around quite considerably in 2010. For more information, click here
Continue reading "Oversupply causes zinc prices to slide further"
Friday, July 18, 2008
By Daniella D’Alimonte – Exclusive to ZincInvestingNews.com Some of China’s small and medium sized zinc smelters faced dissapointment this week when larger smelters announced they would not be supporting production cut-backs. This decision came after the larger smelters, such as Zhuzhou Smelter Group Ltd., a subsidary of Hunan Nonferrous Metals Corp. Huludao Zinc Industry and [...]
Continue reading "Cut-backs and closures"
Wednesday, July 9, 2008
Zinc is used to galvanize steel, in the production of brass and zinc base alloys as well as for other construction, transportation, engineering and consumer goods purposes. While the demand in clearly present for this commodity, the current oversupply is causing the market value to plummet. Over 100,000 tonnes of surplus have been predicted for [...]
Continue reading "Introduction to Zinc Investing"
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Monday, September 29, 2008