Will lead production cuts boomerang prices?

- December 2nd, 2008

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 … Continued

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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