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    market news

    Will lead production cuts boomerang prices?

    Melissa Pistilli
    Dec. 02, 2008 09:31AM PST
    Market News

    Lead Investing News reports lead prices have significantly fallen to about 57% this year. So far, the mass amount of output cuts by lead and zinc companies have done little to stabilize the metals’ precipitous price decline. Australian miner Oz Minerals Ltd (ASX:OZL), already in trouble due to the sharply falling value of metals, has …

    Lead Investing News reports lead prices have significantly fallen to about 57% this year.

    So far, the mass amount of output cuts by lead and zinc companies have done little to stabilize the metals’ precipitous price decline.

    Australian miner Oz Minerals Ltd (ASX:OZL), already in trouble due to the sharply falling value of metals, has been given one month instead of the two it was seeking to refinance $560 million in debt.

     

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