Will zinc production boomerang prices?

Zinc Investing News reports zinc prices have fallen to $1,198 a tonne, lowest in 2 years.

After reductions in automobile production, both General Motors Corp and Ford Motor Co cut vehicle production as sales slumped to their lowest level since 1991, the metal used in car batteries took a hit. Lead for delivery in three months declined $81, or 6.8 per cent, to $1,105 a tonne on the LME. So far this year prices have dropped 57 per cent. Inventories in warehouses monitored by the LME rose to 41,200 tons.

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