Zinc price trades near one-year high as market weighs supply risks
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming supply risks.
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Visit: 55
Korea Zinc agrees 40% fee cut to turn Teck’s mined zinc into metal
Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc concentrate into refined metal, according to two sources familiar with the matter.
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Visit: 55
Trafigura delivers zinc to LME warehouses for lucrative rent deals
Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November’s 20-year peak.
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Trafigura delivers zinc to LME warehouses for lucrative rent deals
Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November’s 20-year peak.
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Visit: 89
Boliden plans to cut output and jobs at Tara zinc mine
Swedish miner Boliden’s plans to shrink operations and reduce targeted output at its Tara zinc mine in Ireland when it restarts this year, a source close to the matter told Reuters.
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US sanctions Russian metals magnate Sviblov and gold, zinc firms
Mining News Pro - The US imposed sanctions on Russian mining magnate Vladislav Sviblov and several mining companies connected to him, including one that’s developing one of the world’s largest zinc mines.
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Nyrstar to suspend operations at two US zinc mines
Mining News Pro - Nyrstar said it plans to temporarily close two zinc mines in the US state of Tennessee at the end of November due to weak prices and the impact of inflation, a third shutdown of zinc operations by producers in recent months.
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Visit: 170
Zinc market shifts to oversupply but where’s the metal?
Mining News Pro - Zinc has been the second weakest performer among the London Metal Exchange (LME) base metals pack so far this year.
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Visit: 120
Glencore-backed zinc miner is getting crushed in the debt market
Mining News Pro - A Peruvian zinc miner has seen its bonds tumble to an all-time low as investors grow increasingly concerned about its ability to refinance maturing debt and Swiss commodities giant Glencore Plc looks to sell its controlling stake.
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Hyundai to invest $400 million for stake in Korea Zinc
Mining News Pro - Hyundai Motor Group will buy a 5% stake in Korea Zinc Co., the world’s largest smelter for non-ferrous metals, as part of its effort to ensure access to key metals used in making electric-car batteries.
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London aluminum, zinc on track for best week since January
Mining News Pro - Aluminum and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies.
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Visit: 187
Zinc price jumps after Boliden suspends operations at Irish mine
Mining News Pro - Zinc prices climbed to a three-week high on Wednesday after Swedish miner Boliden said it will suspend production at Europe’s largest zinc mine in Ireland within the next month because of “unsustainable financial losses”.
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Zinc price could hit $2,000/t by 2025 on ballooning surplus
Mining News Pro - Refined zinc prices are expected to be on a downward trend until 2025, as weak demand growth failed to match with a surge in production, analysts said.
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Historically low stocks behind spike in zinc price for delivery tomorrow
Mining News Pro - Prices of London Metal Exchange (LME) zinc for delivery tomorrow traded at a large premium on Monday over prices for the following day due to buying fuelled by nervousness about availability in the LME system as stocks hit historic lows.
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Receiver named for assets of Trevali’s Caribou zinc mine in New Brunswick
Mining News Pro - Last summer, Trevali Mining applied for relief under the Companies’ Creditors Arrangement Act (CCAA) and was granted the initial order in August. The next month it delisted its shares from the Toronto Stock Exchange. And this week, a receiver was appointed for the company’s assets at its Caribou lead-zinc-silver mine in New Brunswick.
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Visit: 422
Responsible copper mining framework extended to nickel, zinc and molybdenum
Mining News Pro - Brülhart says smelters and refiners that have been audited are not included in this figure to eliminate the possibility of double counting as metal passes through the supply chain.
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NorZinc agrees on sale to shareholder RCF
Mining News Pro - In a move to ensure the long-term viability of its Prairie Creek project located in the Northwest Territories, NorZinc (TSX: NZC) has agreed to a sale to RCF VI CAD LLC following a unanimous decision by the board of directors, which has been working to address the company’s financial challenges, namely limited cash and negative working capital, to fund the project’s development.
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Boliden declares force majeure on zinc amid Norway strike
Mining News Pro - Swedish miner Boliden has declared force majeure on zinc deliveries to Europe due to a strike among Norwegian electrochemical industry workers, although some production is still running, a company spokesperson said on Tuesday.
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Nyrstar’s shut Dutch smelter invigorates zinc bulls
Mining News Pro - Expectations of deeper production cuts in Europe, shortages and dwindling stocks after high energy costs forced Nyrstar to shut its zinc smelter in the Netherlands have bolstered zinc’s price prospects.
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Visit: 617
Lundin weighs sale of $1 billion copper-zinc mine in Portugal
Mining News Pro - Lundin Mining Corp. is weighing the sale of a copper and zinc mine in Portugal that could be valued at about 1 billion euros ($1 billion), people familiar with the matter said.
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Top Ten Zinc Projects in the World Right Now
Mining News Pro - The Selwyn zinc project in Canada’s Yukon Territory, owned by China’s Yunnan Chihong Zinc and Germanium leads by a longshot, with 19.2 million tonnes (Mt) in resources and reserves.
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Zinc price highest since March as energy crunch threatens smelters
Mining News Pro - The zinc price rose the most in almost five months on Thursday after Glencore warned that Europe’s energy crisis poses a substantial threat to supply.
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Visit: 768
Common table sugar key to improving aqueous zinc batteries’ safety features
Mining News Pro - Researchers at Tsinghua University are proposing the idea of chemically modifying common table sugar to stabilize the zinc-ion environment in aqueous zinc batteries and improve the devices’ safety features.
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Visit: 828
Europe’s power crunch cuts zinc and aluminum capacity in half
Mining News Pro - Europe has lost about half of its zinc and aluminum smelting capacity within the past year, and a further surge in power prices could knock more plants offline over winter, the region’s biggest metal producers warned.
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Microwaves efficiently extract manganese, zinc from spent batteries
Mining News Pro - Researchers at Japan’s Ritsumeikan University are proposing the idea of a distributed recycling system that uses microwave heating for extracting metals from old alkaline batteries.
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Visit: 757