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 [...]
Articles Tagged "inventories"
By Leia Michele Toovey- Exclusive to Lead Investing News 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. In Shanghai, spot [...]
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 [...]
By Leia Michele Toovey- Exclusive to Lead Investing News On the London Metal Exchange (LME), 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. In lead news, after reductions in automobile production, both General Motors Corp and Ford Motor Co [...]
Lead stocks on the London Metal Exchange fell 225 tonnes to 41,075 tonnes and zinc inventories were down 175 tonnes to 190,475 tonnes. For full story, click here
Lead prices declined in the last week by 13.1% on the LME, despite a slump in LME inventories by 6.3%. For full story, click here