Zinc

Bloomberg reports that Mexico’s second-largest mining company Penoles sees worldwide zinc demand up 3% with no change in fees from smelters.

Bloomberg reports that Mexico’s second-largest mining company Penoles sees worldwide zinc demand up 3% with no change in fees from smelters.

The market news is quoted as saying:

Last year, Penoles’s plants processed about 70 percent of Mexico’s production of zinc, which is used to galvanize steel. Macquarie Group Ltd. said Dec. 20. it expected zinc processing fees, which are paid by miners to smelters to process concentrates into metal, to fall as much as 20 percent in 2011.

To read the full market news, click here.

Featured

MARKETS

Markets
TSX20099.81+400.76
TSXV696.65+29.40
DOW32196.66+466.36
S&P 5004023.89+93.81
NASD11805.00+434.04
ASX7075.10+134.10

COMMODITIES

Commodities
Gold1811.99-0.31
Silver21.17-0.04
Copper4.19+0.02
Palladium1957.50+12.50
Platinum950.50+4.50
Oil110.97+0.48
Heating Oil3.78+0.02
Natural Gas7.81+0.15

DOWNLOAD FREE REPORTS

×