China’s Yunnan Luoping Zinc & Electricity Co. has planned to expand its zinc smelting capacity by 50% to 120,000 metric tons a year in July. For full story, click here
Shaanxi Dongling Group, a medium-sized lead and zinc smelter based in western China’s Shaanxi Province, announced that it plans to build a 100,000-ton lead and zinc smelting facility in Aletai City, Xinjiang Uyghur Autonomous Region. For full story, click here
Japan’s Mitsui Mining and Smelting Co announced that it plans to produce 5.2 percent less zinc in April-September than a year earlier, reflecting a dip in demand for the metal. 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 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 [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News Shanghai base metals fell by their daily limits on Friday, chasing steep falls on the London Metal Exchange (LME). The Exchange said it would make an announcement about which contracts would be suspended after the market closed. So far this year, the zinc price is down 52 [...]
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 [...]
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 [...]
China’s Baohui Group plans to commission an additional 100000 tpy of capacity by end-2009 and raise company’s zinc smelting capacity to 160000 tpy. For full news, click here
Friday, June 26, 2009