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 [...]
Canadian Teck Cominco Ltd. will be closing their Lennard Shelf zinc and lead mine in Australia due to the drop in zinc prices. In 2007 the mine produced 42,100 tonnes of zinc and 12,400 tonnes of lead. The International Lead and Zinc Study Group showed a surplus of 41,000-tonnes of lead for the first half [...]
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