Articles Tagged "investing news"

Meridian Drilling Hits High Grade of Lead and Zinc

Meridian Minerals (ASX: MII) has announced the assay results from its Kapok West prospect wherein a 14 diamond drill holes were drilled. As of this date, completed holes includes 31 holes are classified as infill holes. The infill holes has intersected stacked lenses of high grade, up to 30.5% combined lead and zinc. Meridian’s Managing [...]

Will Chinese purchases boost zinc and lead demand?

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 [...]

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 [...]

Will lead production cuts boomerang prices?

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 [...]

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 [...]

Zinc and lead chase stock rally

By Leia Michele Toovey- Exclusive to Lead Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]

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. [...]

Zinc and lead tumble as base metals fall

By Heather Matthews – exclusive to Lead Investing News Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers. After the report [...]

Zinc and lead spot prices rally

by Heather Matthews – exclusive to Lead Investing News 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. Zinc is currently trading at a bid/ask of .06494/0.6585, [...]