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Benjamin · 08-09-2007, 21:50

News:
http://www.finanznachrichten.de/such...s=Zink+OR+Zinc
http://www.basemetals.com/
http://www.rohstoffe-go.de/index.php?id=725

Nickel, copper, zinc prices drop amid economic growth concerns; oil prices rise
Wed Sep 5,

By Lauren Villagran

NEW YORK (AP) - The industrial metals market sagged for a third straight session Wednesday as investors weighed large builds in aluminum and zinc inventories against continued unease about the pace of global economic growth.

Demand for industrial metals depends on a strong global economy, including sturdy manufacturing and construction industries. Although many analysts now forecast a rate cut - which would stimulate business activity - UBS analysts point out in a report that the "Fed would need to see clear evidence of weakness in the real economy, especially consumption and employment indicators, to weaken decisively before steering towards easing."

Copper prices slipped in London and New York markets, while the price of zinc and nickel, metals used to coat steel, also declined. On the London Metal Exchange, nickel shed 4.9 per cent and zinc dropped 3.7 per cent. December copper fell 4.3 cents to US$3.263 a pound on the New York Mercantile Exchange.

MOVING TO SURPLUS
Short and medium term decline in zinc price projected
A timely reminder that base metal prices can fall as well as rise was the theme of the opening presentation at a London one-day zinc-focused event.

Author: Lawrence Williams
Posted: Wednesday , 05 Sep 2007

LONDON -

Speaking at Mining Journal's 20:20 Zinc Day yesterday, zinc market expert Claire Hassall of CHR Metals opened proceedings with a note of gloom for those companies presenting their zinc projects to the assembled audience of mining investors analysts and corporate representatives. CHR Metals is a provider of internet-based analysis of the lead and zinc markets. Prior to setting up the company in 2000, Ms Hassall was Director of Metals Services of specialist metals consultancy Brook Hunt, so has a strong track record in the sector.

The zinc price has had a tremendous run over the past year and a half which, as Ms Hassall pointed out, was partly through several years of under-investment in the sector when the prices had remained perilously low, and that no-one at that time had predicted the mercurial growth in first the Chinese and then the Indian economies and consequent demand. China had been an exporter of zinc, but rapidly turned around to become a major importer. Effectively these growing economies are projected, according to Hassall, to add 4 million tons a year to zinc demand between 2000 and 2010 - and looking further ahead a further 4.1 million tons between 2010 and 2020.

Although Chinese growth is still running at high levels - 11 percent this year (lower than 2006), overall global demand increase has slowed to around 4-4.5 percent as against 7.4 percent in 2006.

But, although demand growth continues at a reasonable, but lower, level, supplies have also picked up sharply over the past year. Hassall pointed out that as zinc mines tend to be far smaller than, say, copper operations, the capital cost of bringing a new mine on stream, or resurrecting an old one, is comparatively low and the mining sector can react much faster as prices rise. She did point out though that there are few, if any, really major new zinc mines on the horizon, but that the continuing surge of new production from smaller operations is sufficient to put the market into surplus up until around 2010.

There is also a worry about substitution . As prices rise, consumers may look harder at alternative products and this can have a damaging effect on long term prospects for the metal.

So where will the zinc price go? Hassall's research suggested that there may be the occasional upward bumps in price, but that the current downturn being experienced by the sector will continue for the next three years at least, although she feels that some new projects may fall by the wayside if the price does drop, thus easing the downward pressure. The forecast thus is for prices to remain at or around current levels for the remainder of this year, but as much of the new production comes on stream, Hassall expects prices to fall for a number of years thereafter.

As far as existing zinc miners are concerned, though, Hassall feels they are mostly very profitable, and can remain so even with a sharp fall.

Perhaps this was not what potential investors and zinc miners wanted to hear at a zinc meeting, but after the huge price rises, the reminder that, like other base metals, zinc prices tend to be cyclical in nature is perhaps a much needed return to reality.
########

04.09.07
Es gibt Spekulationen, nach denen der bestehende Überschuss sich im nächsten Jahr noch verstärken könnte. Viele Minen haben ihre Zinkproduktion angekurbelt,nachdem die Preise auf Rekordhochs geklettert waren. Laut der Londener GFMS Metals Consulting Ltd. socll sich der Überschuss im nächsten Jahr auf 165000 Tonnen ausweiten. www.rohstoffe-go.de , zitiert nach
http://www.financial.de/newsroom/derivate/115648.html

22.08.2007
Zinc market swings into surplus in H1 2007 - WBMS

LONDON (Thomson Financial) - The zinc market swung into surplus in the first half of the year from a deficit a year before, according to the World Bureau of Metals Statistics.

The market recorded a surplus of 85,000 tonnes in the period, against a deficit of 51,000 tonnes in the first half of 2006.

Total zinc mine output was 5.163 mln tonnes in the period, up 5.5 pct year-on-year.

Refined production rose by 413,000 tonnes to 5.653 mln tonnes with Asian countries, chiefly China, contributing an extra 323,000 tonnes to world output .

Meanwhile demand rose 277,000 tonnes, the WBMS said.
jan.harvey@thomson.com

08-09-2007, 21:50	#9
Benjamin TBB Family Registriert seit: Mar 2004 Beiträge: 10.374	News: http://www.finanznachrichten.de/such...s=Zink+OR+Zinc http://www.basemetals.com/ http://www.rohstoffe-go.de/index.php?id=725 Nickel, copper, zinc prices drop amid economic growth concerns; oil prices rise Wed Sep 5, By Lauren Villagran NEW YORK (AP) - The industrial metals market sagged for a third straight session Wednesday as investors weighed large builds in aluminum and zinc inventories against continued unease about the pace of global economic growth. Demand for industrial metals depends on a strong global economy, including sturdy manufacturing and construction industries. Although many analysts now forecast a rate cut - which would stimulate business activity - UBS analysts point out in a report that the "Fed would need to see clear evidence of weakness in the real economy, especially consumption and employment indicators, to weaken decisively before steering towards easing." Copper prices slipped in London and New York markets, while the price of zinc and nickel, metals used to coat steel, also declined. On the London Metal Exchange, nickel shed 4.9 per cent and zinc dropped 3.7 per cent. December copper fell 4.3 cents to US$3.263 a pound on the New York Mercantile Exchange. MOVING TO SURPLUS Short and medium term decline in zinc price projected A timely reminder that base metal prices can fall as well as rise was the theme of the opening presentation at a London one-day zinc-focused event. Author: Lawrence Williams Posted: Wednesday , 05 Sep 2007 LONDON - Speaking at Mining Journal's 20:20 Zinc Day yesterday, zinc market expert Claire Hassall of CHR Metals opened proceedings with a note of gloom for those companies presenting their zinc projects to the assembled audience of mining investors analysts and corporate representatives. CHR Metals is a provider of internet-based analysis of the lead and zinc markets. Prior to setting up the company in 2000, Ms Hassall was Director of Metals Services of specialist metals consultancy Brook Hunt, so has a strong track record in the sector. The zinc price has had a tremendous run over the past year and a half which, as Ms Hassall pointed out, was partly through several years of under-investment in the sector when the prices had remained perilously low, and that no-one at that time had predicted the mercurial growth in first the Chinese and then the Indian economies and consequent demand. China had been an exporter of zinc, but rapidly turned around to become a major importer. Effectively these growing economies are projected, according to Hassall, to add 4 million tons a year to zinc demand between 2000 and 2010 - and looking further ahead a further 4.1 million tons between 2010 and 2020. Although Chinese growth is still running at high levels - 11 percent this year (lower than 2006), overall global demand increase has slowed to around 4-4.5 percent as against 7.4 percent in 2006. But, although demand growth continues at a reasonable, but lower, level, supplies have also picked up sharply over the past year. Hassall pointed out that as zinc mines tend to be far smaller than, say, copper operations, the capital cost of bringing a new mine on stream, or resurrecting an old one, is comparatively low and the mining sector can react much faster as prices rise. She did point out though that there are few, if any, really major new zinc mines on the horizon, but that the continuing surge of new production from smaller operations is sufficient to put the market into surplus up until around 2010. There is also a worry about substitution . As prices rise, consumers may look harder at alternative products and this can have a damaging effect on long term prospects for the metal. So where will the zinc price go? Hassall's research suggested that there may be the occasional upward bumps in price, but that the current downturn being experienced by the sector will continue for the next three years at least, although she feels that some new projects may fall by the wayside if the price does drop, thus easing the downward pressure. The forecast thus is for prices to remain at or around current levels for the remainder of this year, but as much of the new production comes on stream, Hassall expects prices to fall for a number of years thereafter. As far as existing zinc miners are concerned, though, Hassall feels they are mostly very profitable, and can remain so even with a sharp fall. Perhaps this was not what potential investors and zinc miners wanted to hear at a zinc meeting, but after the huge price rises, the reminder that, like other base metals, zinc prices tend to be cyclical in nature is perhaps a much needed return to reality. ######## 04.09.07 Es gibt Spekulationen, nach denen der bestehende Überschuss sich im nächsten Jahr noch verstärken könnte. Viele Minen haben ihre Zinkproduktion angekurbelt,nachdem die Preise auf Rekordhochs geklettert waren. Laut der Londener GFMS Metals Consulting Ltd. socll sich der Überschuss im nächsten Jahr auf 165000 Tonnen ausweiten. www.rohstoffe-go.de , zitiert nach http://www.financial.de/newsroom/derivate/115648.html 22.08.2007 Zinc market swings into surplus in H1 2007 - WBMS LONDON (Thomson Financial) - The zinc market swung into surplus in the first half of the year from a deficit a year before, according to the World Bureau of Metals Statistics. The market recorded a surplus of 85,000 tonnes in the period, against a deficit of 51,000 tonnes in the first half of 2006. Total zinc mine output was 5.163 mln tonnes in the period, up 5.5 pct year-on-year. Refined production rose by 413,000 tonnes to 5.653 mln tonnes with Asian countries, chiefly China, contributing an extra 323,000 tonnes to world output . Meanwhile demand rose 277,000 tonnes, the WBMS said. jan.harvey@thomson.com Geändert von Benjamin (08-09-2007 um 22:53 Uhr)