Articles Tagged "smelter"

China to force out lead and zinc juniors?

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 [...]

Output cuts extend through lead and zinc industry

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 [...]

Survival of the fittest for lead and zinc miners

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 [...]

Will Chinese purchases boost zinc and lead demand?

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 [...]

Zinc and lead companies underwater

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 [...]

Output cuts and layoffs hit zinc and lead miners

By Leia Michele Toovey- Exclusive to Zinc Investing News At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti-corrosive in galvanized steel, is currently selling for around US$1,120.00 per tonne, less than half the metal’s January value. Lead prices are not fairing [...]

Cut-backs and closures

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 [...]