Zinc Investing News reports zinc rates were cut this week.
Oz Minerals Ltd, the world’s No. 2 zinc miner who is struggling to refinance debt, has been dealed another blow. The company will take a US $65.5 million charge for the second half due to price adjustments caused by falling metals prices. It said zinc output [...]
Lead Investing News reports lead prices remains steady according to the Hindustan Zinc Ltd, a bi-weekly preview source.
Lead prices have remained strong this year; they have risen more than the other base metals in terms of percentage, whereas their decline has not been as steep. The cold weather over the past week in western countries [...]
Lead Investing News reports lead may boom with the current cutbacks in the mining industrydue to the global recession.
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.
For complete story, click this link. Follow developments in resource [...]
Zinc Investing News reports with the recent cutbacks in base metals due to global recession which will make way for zinc to boom.
Zinc is one of the metals most positioned for an acute supply shortage. The crunch point could come as early as 2011 or 2012 once surplus inventories from the current downturn are worked [...]
Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange.
When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent [...]
Monday, February 2, 2009
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