China imported more lead in february and march
China’s lead imports probably rose sharply in February and are still rising in March, mostly due to arbitrage between LME and Shanghai markets. For full story, click here
Articles Tagged "China"
China importers seeks preferential VAT for lead concentrates
Chinese smelter officials said China’s lead industry is seeking preferential value-added tax, or VAT treatment for lead concentrate imports to cut sourcing costs. For more information, click here
China dominates but US market rules
China had dominated the metals market agenda the previous week but last week all eyes were on the world’s largest economy, the United States. For full story, click here
China Shen Zhou Mining & Resources, Inc. Wins RMB 11 Million Supply Contracts
The company announced that one of its subsidiaries, Xiangzhen Mining, has signed 3 supply contracts for fluorite ores with Huatai Company from Shanxi Province and Hongzhi Company from Hebei Province respectively. The total value of such contracts is approximately RMB 11 million (US$1.6million). For full story, click here
Zinc and lead in the New Year
By Leia Michele Toovey- Exclusive to Lead Investing News 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 per cent. Lead, due to its close ties to the auto industry, took a staggering plunge from [...]
Low zinc and lead inventories threaten price stability
By Leia Michele Toovey- Exclusive to Lead 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, zinc prices are down 52 per [...]
Chinese lead industry to undergo consolidation
China’s fragmented lead industry is expected to undergo consolidation within the next five years as small sized miners and smelters are increasingly being forced out of business due to plummeting product prices. For full story, click here
Carbon tax could bankrupt Australian lead and zinc
By Leia Michele Toovey- Exclusive to Lead Investing News Australia’s carbon tax program may force miners into bankruptcy. Nyrstar, the countries largest zinc and lead miner issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 [...]
China Shen Zhou Mining & Resources posts Q3 Results
China Shen Zhou Mining & Resources, Inc. posted its financial results for the third quarter ended September 30, 2008. For full story, click here For company’s website, click here
Low metal prices put lead and zinc firms under pressure
By Leia Michele Toovey- Exclusive to Lead Investing News 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 to a gloomy economic future for metals consuming giant China. [...]
