By Leia Michele Toovey- Exclusive to Lead Investing News Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions. The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate. The government has also mentioned that it wants to support the [...]
Articles Tagged "supply"
Lisbon-based International Lead Study Group’s latest monthly report showed that the global lead market was in surplus by 21,000 tonnes in the first 10 months of 2008. For full story, click here
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
Lead made small gains, the level of $US1440/t will put extra pressure on companies that mine the base metal. For full story, click here
A study by Portugal-based International Lead Study Group has highlighted that the global surplus in ‘08, will rise, as supply continues to exceed demand. For full story, click here
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 [...]
Lead futures rose close to 3 percent on supply concerns due to news about delay in shipments from Australia. For more information, click here