Stock market crash affects lead and zinc spot prices

- September 16th, 2008

Zinc Investing News reports global commodities markets as US faces worst stock market crash affecting zinc spot price.  The impact of these grave developments will be felt across the board, and zinc metal and lead metal spot prices are already dropping as a result. Throughout this year, zinc has been oversold, showing a strong position only in China, … Continued

Zinc Investing News reports global commodities markets as US faces worst stock market crash affecting zinc spot price.

 The impact of these grave developments will be felt across the board, and zinc metal and lead metal spot prices are already dropping as a result. Throughout this year, zinc has been oversold, showing a strong position only in China, where business and production boomed due to the buildup to the 2008 summer Olympics in Beijing. Although a weaker American dollar makes U.S. commodities more attractive in foreign markets, it may not be enough to offset the weaker spot prices as investors sell off their stock and convert their holdings to safer futures.

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