Low metal prices put lead and zinc firms under pressure
Zinc Investing News reports metal prices were hit severely due to the global recession and the financial crisis. Shanghai zinc trading was suspended on Friday for one day, after it fell by its daily limit for three consecutive sessions. On the LME, zinc cash buyer ended the week at $1,061.00 per tonne. Seller and sentiment were $1062.00 per tonne, … Continued
Zinc Investing News reports metal prices were hit severely due to the global recession and the financial crisis.
Shanghai zinc trading was suspended on Friday for one day, after it fell by its daily limit for three consecutive sessions. On the LME, zinc cash buyer ended the week at $1,061.00 per tonne. Seller and sentiment were $1062.00 per tonne, three month buyer was $1,103.50, seller was $1104.00, 15 month buyer was $1203.00, seller $1,208.00. To understanding the magnitude of zinc’s losses this week, on Monday cash buyer, seller and sentiment were approximately $1175.00 per tonne.
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