With base metals prices struggling to rebound from last year’s plunge, miners are shaving costs to the bone and becoming more picky about the quality of ore they mine as they try to ensure profits. For full story, click here
Zinc futures have slipped 1.84 per cent in early trade on the Multi Commodity Exchange today as traders booked profits at existing higher prices amid slip in its prices in international markets. For full story, click here
British Columbia Canada’s mining industry has seen a record USD 3.2 billion in profits in 2008, mostly due to high priced coal. For full story, click here
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
Thursday, June 25, 2009