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"
Sunday, December 14, 2008
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.
Read the full article: "Will Chinese purchases boost zinc and lead demand?"
Sunday, December 7, 2008
Shanghai base metals fell by their daily limits on Friday, chasing steep falls on the London Metal Exchange. So far this year zinc prices are down 52 per cent, and lead has retreated to its lowest price point since June 2006.
Read the full article: "Low zinc and lead inventories threaten price stability"
Tuesday, December 2, 2008
On the London Metal Exchange, 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. Early Monday, zinc found support from the China stockpile plan and news Korea Zinc, the world’s second-biggest refiner, would cut production by 10 per cent for 13 months.
Read the full article: "Will zinc production boomerang prices?"
Sunday, November 23, 2008
Since the beginning of October, lead and zinc prices have tumbled by more than 30 per cent causing almost all zinc miners and smelters to rack up losses while lead smelters are earning just fractional profits
Read the full article: "Zinc and lead companies underwater"
Sunday, November 16, 2008
If the Australian government moves ahead with its proposed carbon tax, miners will be forced to close their doors, or move their operations to other regions. If this happens, the Australian economy will lose many jobs, and billions of dollars.
Read the full article: "Carbon tax could bankrupt Australian lead and zinc"
Saturday, November 8, 2008
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 $1,120.00 per tonne, less than half the metal’s January value. Lead prices are not fairing any better- they have shed half their price since February.
Read the full article: "Output cuts and layoffs hit zinc and lead miners"
Friday, October 24, 2008
Lead and zinc were on par with this week’s bearish market sentiment. Growing evidence that the financial crisis was spreading throughout the globe hit the metals hard; most influential this week was news that pointed directly too a gloomy economic future for metals consuming giant China.
Read the full article: "Low metal prices put lead and zinc firms under pressure"
Thursday, October 16, 2008
Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease.Lead and zinc prices fell as base metals declined. Base metal prices dropped on Wednesday as September retail level reports came out, detailing reduced production and purchasing by consumers. After the report details surfaced, base metals, which are primarily used in industrial applications, started to drop on metal exchanges.
Read the full article: "Zinc and lead tumble as base metals fall"
Tuesday, October 14, 2008
Zinc and lead metal spot prices showed improvement in today’s markets: this rally represents a positive development for base metals. Today, non-LME spot prices for lead and zinc were up, showing increased investor confidence in commodity investment.
Read the full article: "Zinc and lead spot prices rally"
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Sunday, December 21, 2008
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