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
China imported 77,200 tonnes of refined Zinc in February up by 518%MoM touching the record high since 2003. While the accumulative import volume in January and February touched 90,000 tonnes up by 643%YoY. For full story, click here
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 [...]
By Leia Michele Toovey-Exclusive to Zinc Investing News Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions. The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate. The government has also mentioned that it wants to support the industry’s [...]
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 [...]
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 [...]
China’s refined zinc output rose 6.5 percent (year-on-year basis) to 1.92 million tons during the January to June period in 2008. For more details, visit here
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