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    market news

    Output cuts and layoffs hit zinc and lead miners

    Melissa Pistilli
    Nov. 09, 2008 06:17PM PST
    Market News

    Lead Investing News reports the lead markets aren’t doing very well with output cuts and layoffs. 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 …

    Lead Investing News reports the lead markets aren’t doing very well with output cuts and layoffs.

    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.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.

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