Doe Run reduces 2009 lead mine output
The Doe Run Co. says it will cut more than 100 jobs and reduce its planned lead mining output by 1 million tons. For full story, click here
Articles Tagged "cut"
Hindustan Zinc cuts lead prices
Leading metal producer Hindustan Zinc said it has reduced prices of zinc and lead by Rs 2,800 a tonne and Rs 3,400 per tonne, respectively. For full story, click here
Namibian lead miners will not cut production
Namibian lead miners said that the fall in the prices on the international market amid a slowdown in global economic growth would seriously hurt their revenues but assured the market they would continue digging. For full story, click here
Zinc and lead companies underwater
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 [...]
Output cuts and layoffs hit zinc and lead miners
By Leia Michele Toovey – Exclusive to Lead 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 $1,120.00 per tonne, less than half the metal’s January value. Lead prices are [...]
Lead prices 53% lower
Lead prices this week is 66¢/lb on LME, which is 53% lower than the February monthly average peak of $1.40/lb. In the U.S., buyers reported the October price average was 78¢/lb, delivered, in comparison with a high of $1.52 March 2007. An analysis from Barclays Capital said: A majority of participants (43%) at recent LME Week activities in London [...]
