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 [...]
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 [...]
By Heather Matthews - Exclusive to Lead Investing News Current market climate Zinc metal and lead metal spot prices are rising despite significant fear and panic in the investing world. Following the bankruptcy of Lehman Brothers World Investment Bank, and the Federal Reserve bailout (85 billion) of AIG, many analysts are predicting that more banks will [...]
By Heather Matthews – Exclusive to Lead Investing News Current market climate Shockwaves are running through global commodities markets as America faces one of its worst stock market crash since the Great Depression. The American housing market crisis has left many firms unprotected and over-leveraged: the bankruptcy of global investment bank Lehman Brothers has created [...]
By Heather Matthews – Exclusive to Lead Investing News Current market climate After months of investor withdrawals and plummeting profits, RAB, a major hedge funds investment firm that focuses on natural resources, has announced plans to alter its fee structure in order to keep investors. The firm reports profit decreases of more than 48 per [...]
By Daniella D’Alimonte – Exclusive to Lead Investing News Lead is currently hovering around 0.94 per pound, up over 0.20 from this time last month, but down about $0.46 from the corresponding period last year. Canadian Zinc Corporation (TSX: CZN) released Q2 financial results ending June 30. Although the company announced a net loss of $152,000, this is [...]
By Daniella D’Alimonte – Exclusive to LeadInvestingNews The spot price of lead had risen over US$0.20 in the last month, currently hovering around US$1.00. However, the rising production costs and limited power supply is affecting mining output and earnings across China. The quickly approaching Beijing Olympic Games are also putting the squeeze on the country’s [...]
By Daniella D’Alimonte – Exclusive to LeadInvestingNews Although the prices of lead and zinc have already fallen substantially, analysts predict they still have further to fall. As mines continue to increase production of lead and zinc and surplus continues to grow over the next few years, investors can expect the prices to remain on the [...]
Tumi Resources Limited discovered a new base-metals zone after their first drilling at Sala, Sweden. 1.1 percent lead was found. Mr. Henstridge stated, “Our rigorous exploration program and persistence at Sala is now paying dividends. To discover in our first drill hole at Sala a broad 75m wide zone of mineralization, together with higher ore-grade [...]
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