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Plummeting zinc prices in the fourth quarter last year that lasted into the first quarter this year forced many zinc mines to shut down because they were no longer profitable. Several Canadian miners are now changing their stance.
Read the full article: "Canadian Miners Tune Into Zinc"
Monday, March 23, 2009
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.
Read the full article: "Fed announcement spurs zinc, bypasses lead"
Monday, March 16, 2009
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 larger companies, even if it is at the expense of smaller ones.
Read the full article: "China to force out lead and zinc juniors?"
Sunday, March 8, 2009
Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of January alone stocks climbed nearly 35 percent to end at 345,275 tonnes.
Read the full article: "Lead and zinc fundamentals diverge"
Monday, March 2, 2009
Positive sentiment that spread through the markets during the week edged up most of the base metals. Zinc climbed the most in two weeks after China’s stockpiling agency bought metal from domestic smelters, reducing supply.
Read the full article: "Market sentiment wins in price tug-of-war"
Sunday, February 1, 2009
By Leia Michele Toovey- Exclusive to Zinc Investing News
In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady.
Zinc prices will drop by Rs 800 per tonne, to 68,900; whereas lead maintained its 70,200 per tonne level. Lead prices have remained strong this year; [...]
Read the full article: "Zinc rates cut while lead is held steady"
Sunday, January 25, 2009
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. Zinc and lead producers have taken some of the biggest hits, with many companies underwater at current metal market prices.
Read the full article: "Output cuts extend through lead and zinc industry"
Tuesday, January 20, 2009
For the first quarter of ’09, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners are underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies.
Read the full article: "Survival of the fittest for lead and zinc miners"
Sunday, January 11, 2009
2008 was a year for unprecedented losses for both the zinc and lead markets. As economic malaise spread around the globe, zinc for three month delivery fell about 49 percent
Read the full article: "Zinc and lead in the New Year"
Sunday, December 21, 2008
The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups.
Read the full article: "Cutbacks make way for zinc boom"
Chrysos Capital Corporation has entered into a letter of intent to acquire the Jubilee Zinc project and other non core exploration assets of Merrex Gold Inc. Both the companies are based in Canada.
For full story, click here
Sometra SA, a Romanian metals company controlled by Athens based metals and energy group Mytilineos Holdings SA, needs further gains in zinc prices before restarting its Copsa Mica zinc and lead smelter.
For full story, click here
For upcoming zinc investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
ZincInvestingNews.com maintains a focus on Zinc exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Copyright © 2009 Dig Media Inc.
Friday, November 6, 2009
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