Mr William Adams analyst of Basemetals.com said that world zinc prices of 77 cents per pound this week are almost 40% lower than the 2008 peak of USD 1.28 reached in early March 2008 and are below marginal productions costs due to huge metal surplus and weak demand in major zinc consuming regions.
45570
World zinc prices may be
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Gold continues to probe below $800
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Prices fall to near $71 a barrel
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Zinc futures fall
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Gold retreats marginally
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Base metals prices edge down further in lme official trading
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Gold futures slip back below $1,600 an ounce
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Shanghai copper falls 2% to lowest this year
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Copper prices are likely to rise to $3,800 a tonne
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Demand for platinum jewellery falling
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Gold prices continue to decline
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Rare earth prices 'reflect market'
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Lme copper to revisit low of $7,785
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Gold falls to below $800 an ounce
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Gold hovers near $1,580;
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Iron ore prices are falling swiftly
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Heavy scrap prices in China rise on restocking