Search Results for: zinc

Boliden’s Tara Zinc Mine on Hold Due to Dwindling Profits, Escalating Expenses

Boliden’s Tara Zinc Mine on Hold Due to Dwindling Profits, Escalating Expenses close-up-of-a-pile-of-zinc-ingots-raw-materials-for-the-smeltin

Plummeting zinc metal prices and rising energy costs recently prompted Boliden to place its Tara zinc mine on care and maintenance until further notice. “The business is currently cash flow negative due to a combination of factors,” the Swedish metals producer said. Officials went on to specify that these operational challenges included “a decline in […]

Sibanye-Stillwater Bids for Aussie Zinc Mining Firm, Zinc Prices Weaken

Sibanye-Stillwater Bids for Aussie Zinc Mining Firm, Zinc Prices Weaken 210917_tailings-management

Johannesburg-listed metals and mining multinational Sibanye-Stillwater recently launched a bid to acquire all shares in Australian zinc miner New Century Resources. Sibanye-Stillwater currently holds a 19.9% stake in NCR. Meanwhile, zinc price movements continue to ebb and flow between the A$4400 ($3,000) and A$5200 ($3,500) range per ton. “The proposed takeover is in line with […]

Zinc Price Index Cooling Down After Sharp Rally

Zinc Price Index Cooling Down After Sharp Rally People at work galvanizing metallic structures in a zinc bath

Like most base metals, the zinc price index rose during the first week of November. However, the 15th marked the last day of zinc’s sharp rally, as prices soon began to cool down and return back to prior support and resistance zones. As with other metal production facilities, Zinc smelters use a lot of energy. […]

Metal Price Trends: Tin May Rebound, While Zinc Could Experience Additional Declines

Metal Price Trends: Tin May Rebound, While Zinc Could Experience Additional Declines People at work galvanizing metallic structures in a zinc bath

Since the beginning of 2022, tin prices have steadily declined. Indeed, such was the case for many metal prices after the March peak. However, it’s possible tin could see a reversal in the long term. As it begins to reach lower support ranges indicated by September 2020’s low, we could see tin start to push […]

Glencore Slows Energy-Intensive Zinc Smelting

Glencore Slows Energy-Intensive Zinc Smelting factory-1593842_640

Glencore plans to place the zinc smelting line at its Nordenham plant in northern Germany on care and maintenance starting November 1. This represents yet another major blow to European metal manufacturing, which continues to see shutdowns amid the continent-wide energy crisis. In an October 5 memo, the London and Johannesburg-listed company’s supervisory board chairman, […]

Should We Prep for a Zinc Price Rally? Many Say Yes

Should We Prep for a Zinc Price Rally? Many Say Yes Screen-Shot-2022-08-21-at-5.40.19-PM

If you look at zinc price trends from this past year, it’s hard to identify what you might call a “clear trend.” After building from a pandemic-driven low of just $1,960 a ton, the metal skyrocketed to over $4,500 just four months ago. Unfortunately, pride cometh before a fall. And fall zinc did. In fact, […]

Zinc prices rising as inventory disappears by the day

Much has been said about the trials and tribulations of the aluminum market, particularly of the impact on smelter output from energy rationing in China last year and then rapidly escalating energy prices in Europe this winter. Russia’s invasion of Ukraine turbocharged prices. Fears rose over already constrained oil and natural gas supplies to Europe […]

No respite for European zinc smelters in face of high energy costs

European zinc producers will continue to face volatile energy costs until more renewable sources and LNG gas become more accessible, industry watchers said. “Zinc smelters are really struggling as electricity is a bigger proportion of the cost compared with copper or nickel smelters,” one analyst told MetalMiner. This has led to rising zinc prices. Renewables […]

Zinc prices boom to 14-year highs as power costs hit producers

Zinc prices have surged to 14-year highs this week, rising by over 24% on a month-over-month basis. The LME three-month zinc price closed Friday at $3,757 per metric ton, according to MetalMiner Insights data. Chinese primary cash zinc closed Monday at $742 per metric ton, up 20.86% month over month. We’re offering timely emails with […]

Zinc losing support with further declines expected

The zinc price has defied expectations that oversupply would put so much downward pressure on prices that last month’s $3,100/ton high would be the peak for years to come. Although the zinc price has drifted off those highs, it is currently just under $2,900 per metric ton for cash and three-month on the LME, zinc […]

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