Logo
Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome to ShareScene - Talk Shares And Take Stock With Australia's Sharemarket Community - New Here? Click To Register >

Important Notice For All Members - ShareScene Is Moving

6 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Zinc, Discussion
blacksheep
post Posted: Dec 7 2018, 07:03 PM
  Quote Post


Posts: 5,115
Thanks: 2044


$300 million zinc refinery expansion to increase production and jobs in north Queensland
ABC North Qld By Sofie Wainwright

QUOTE
Zinc production is set to increase in Australia with a multi-million-dollar investment to expand a north Queensland refinery.

Korea Zinc Company will spend $300 million on its Australian subsidiary, Sun Metals Corporation, which owns a zinc refinery just outside of Townsville.

The expansion is expected to increase the refinery's zinc production from around 225,000 tonnes per year to 270,000.

Sun Metals said work would begin immediately and was expected to be complete by the first half of 2021.

"As an organisation we've been working on this very hard for the last 18 months," Sun Metals' executive director Kathy Danaher said.

https://www.abc.net.au/news/2018-12-07/sun-...ansion/10594492



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 22 2018, 08:51 PM
  Quote Post


Posts: 5,115
Thanks: 2044


In Reply To: blacksheep's post @ Oct 30 2018, 12:22 PM

Zinc market enters period of peak tightness: Andy Home
QUOTE
* LME Zinc price, spreads and stocks

LONDON – The London zinc market is experiencing unprecedented tightness this week.

As of Monday’s close, the London Metal Exchange’s (LME) benchmark cash-to-three-months spread CMZN0-3 was valued at a backwardation of $97 per tonne.

The cash premium is now higher than the last spike in October 2017 with the only historical comparison the years 2006-2007, when LME stocks were also super low and the outright price hit an all-time high of $4,580 per tonne.

Fast forward a decade and the LME three-month price is currently treading water around $2,600, a long way off its February high of $3,600 per tonne.

This dissonance between spreads and price is a manifestation of the greater financialisation of the zinc market over the intervening decade with fund money a more powerful price driver.

And funds have been playing zinc from the short side since February, catching the unwary in a biting bear trap.

read more - http://www.mining.com/web/zinc-market-ente...ness-andy-home/
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 30 2018, 12:22 PM
  Quote Post


Posts: 5,115
Thanks: 2044


Zinc market tightness confounds bearish expectations: Andy Home
https://www.reuters.com/article/us-metals-z...e-idUSKCN1MY202



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 9 2018, 07:35 PM
  Quote Post


Posts: 5,115
Thanks: 2044


In Reply To: blacksheep's post @ Oct 2 2018, 09:23 PM

Industry Trend Analysis - Global Zinc Mining Outlook
http://www.mining.com/wp-content/uploads/2...ctober-2018.pdf
extract
QUOTE
Australia
Australia's zinc sector will gradually recover from the H215 closure of Minerals and Metals Group's (MMG) Century zinc mine over the coming decade, as
rising prices prompt miners to restart major operations. We have revised up our zinc production growth forecast for 2018 and 2019, to 12% and 8%
respectively, based on plans for New Century Resources to restart production at the Century mine in Q318. Additionally, Glencore announced plans to
restart the idled Lady Loretta zinc mine in H118, with 2018 output expected to total 100kt and MMG's USD1.bn Dugald River, began production in November
2017 and will add an estimated 170kt of zinc annually at full capacity. Junior miners will continue to advance zinc projects in Australia, given the positive
outlook for zinc prices over the coming years. For instance, in February, Heron Resources awarded the contract for underground mining at the
Woodlawn copper-zinc project to Pybar Mining Services and expects annual production of 40kt zinc between late-2018 to early-2019.


QUOTE
Fitch Solutions Macro Research has just published its outlook for global zinc production. Globally, mined zinc production continues to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and key new mines come online, according to the report.

Fitch forecasts global mined zinc production to increase by 3.5% in 2018, to 13.7mnt, and rise to 16.8mnt by 2027.

The report focusses on industry trend analyses in Australia, Canada, Peru, China, The U.S., Kazakhstan, Mexico, Namibia, India and Iran.

The global zinc mining outlook also identifies the ten largest zinc mines by volume:

1- India clinches the title for largest zinc mine with Rampura Agucha.

2- Red Dog in the U.S.

3- Antamina in Peru.

4- Mount Isa, Australia.

5- Penasquito, Mexico.

6- San Cristobal, Bolivia.

7- McAurthur River, Australia.

8- Cerro Lindo, Peru.

9- Tara, Ireland.

10- Skorpion, Namibia.

The report predicts that China's zinc production will stagnate due to declining ore grades and increasingly stringent environmental regulations, China will remain a key player in global zinc mine production.

http://www.mining.com/top-ten-zinc-producing-mines-world/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 2 2018, 09:23 PM
  Quote Post


Posts: 5,115
Thanks: 2044


Interesting read - Nyrstar’s profit warning highlights zinc’s disconnects
September 26 2018 12:57 AM
By Andy Home London
extract
QUOTE
Belgian zinc producer Nyrstar issued a profits warning last week, citing “adverse market conditions”. The company, which last year produced over 1mn tonnes of refined zinc, is feeling the pain from the dramatic price collapse of the last six months.

London Metal Exchange (LME) zinc hit an 11-year high of $3,595.50 per tonne in February. It is currently trading at $2,525 after touching a two-year low of $2,283 in August.
Retreat turned into rout as zinc got caught up in the broader LME sell-off, speculative players using the base metals complex to vent their trade war angst.

The resulting price implosion has opened up a disconnect with zinc’s internal supply-demand dynamics.

Right now the zinc price is suggesting that a wave of new mine supply is crashing along the supply chain. It isn’t.

The supply response to two years of rising zinc prices is only just starting.

Treatment charges, which is what companies such as Nyrstar receive for processing mined concentrate into refined metal, are still “historically low”, compounding the financial hit from the low zinc price.

Nyrstar, like other smelters, is being squeezed between a price that’s signalling feast and a raw materials chain that is only just emerging from famine.

The benchmark zinc treatment charge this year was set at $147 per tonne, the lowest headline level in a decade.

Spot treatment charges in China have fallen much lower as smelters compete to source material in a tight mined concentrates market.

That was expected to change this year as new and reconditioned mines responded to higher prices.
They are coming, but it’s taking time.


read more - https://www.gulf-times.com/story/607382/Nyr...-zinc-s-disconn



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 19 2018, 11:23 AM
  Quote Post


Posts: 5,115
Thanks: 2044


LIVE FUTURES REPORT 18/07: LME zinc price climbs 3.3%; nickel up slightly
QUOTE
Zinc prices on the London Metal Exchange rallied over 3% at the close of trading on Wednesday July 18, buoyed by weaker than expected US housing statistics amid broad consolidation across most of the other base metals.

https://www.metalbulletin.com/Article/38217...p-slightly.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jun 18 2018, 12:24 PM
  Quote Post


Posts: 5,115
Thanks: 2044


QUOTE
South32 has made a $US1.3 billion ($A1.75 billion) bid to take sole ownership of US-focused Arizona Mining.

The Australian business, which already owns 17 per cent of the zinc, lead and silver miner, says the directors of Arizona Mining will unanimously recommend shareholders accept the all-cash offer.

South32 chief executive, Graham Kerr called Arizona Mining's Hermosa Project in Santa Cruz County, Arizona, "one of the most exciting base metal projects in the industry".

https://thewest.com.au/business/mining/sout...g-ng-b88869454z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 15 2018, 12:27 PM
  Quote Post


Posts: 5,115
Thanks: 2044


Last hurrah for the zinc price
Frik Els | 2 days ago |
QUOTE
Zinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.

Rising fears about trade protectionism have taken the shine off most base metals but zinc's bearish outlook has more to do with new supply; and lots of it.

The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016 after the shutdown of major mines including Australia's Century, the Lisheen mine in Ireland and top producer Glencore's depleted Brunswick and Perseverance mines in Canada.

Just to throw fuel on the fire the Swiss giant curtailed production at its operating mines in Australia. But in December Glencore said it would restart its Lady Loretta mine while keeping its total output steady at under 1.1m tonnes.

The centre cannot hold – prices are incentivising more mining tonnes in and our supply-demand balances are now pivoting back towards sufficiency and then surplus in the years ahead
More ominously CEO Ivan Glasenberg said the company had about 500kt of zinc capacity that would be restarted at “the right point in the cycle.”

The spectre of fresh tonnage did little to deter zinc bulls who pointed to historically low stockpiles, ultra-low spot treatment charges of just $20/t (paid to refiners by miners and the best indicator of physical market conditions) and the environmental clampdown in China, responsible for a third of global output of roughly 13.2m tonnes last year.

But few expect the zinc market to stand up to the flood of new supply over the next couple of years.

Some 880kt of additional capacity will come on stream in 2018, about two-thirds of it from re-openings and expansions according to the International Lead and Zinc Study Group (ILZSG).

New mines include MMG's Dugald River project in Australia (170ktpa since November for 28 years), Vedanta's Gamsberg mine in South Africa (250ktpa with 30 year life-of-mine) and the Castellanos operation in Cuba (100ktpa for 22 years). The Century mine is also getting a new life and tailings retreatment at the giant mine is enough for an additional 264ktpa.

Further out there is also no shortage of additional supply. Among others, major projects that could be brought into production in the medium term include Arizona Mining's $1.2 billion Hermosa project (95ktpa), Ironbark's $500m Citronen project in Greenland (up to 200ktpa) and the $890m Khnaiguiyah project in Saudi Arabia (80ktpa).

A new report from investment bank Macquarie argues that while the price could revisit recent highs over the next few months, it would be zinc's "last hurrah":

Thus we should expect zinc prices to move lower, and we see an average of $2,850/t in Q4, just under $2,600/t average in 2019, and an eventual journey to around $2,100-2,200/t at the end of the [5-year] outlook period.

Today's price for zinc, used mainly to galvanize steel, compares to an all-time high of $4,580 struck in November 2006. During the depth of the global financial crisis zinc came close to falling into triple digits.

http://www.mining.com/last-hurrah-zinc-price/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 27 2018, 01:58 PM
  Quote Post


Posts: 5,115
Thanks: 2044


Glencore in ‘hiring frenzy’ as it readies to restart Lady Loretta zinc mine
Cecilia Jamasmie | about 12 hours ago

QUOTE
Swiss miner and commodities trader Glencore (LON:GLEN) has begun hiring for a number of new positions at its Lady Loretta zinc mine in Australia, which is slated to reopen in the first half of this year.

Production at the Queensland-based operation was halted in 2015 because of falling zinc prices. Since then, the metal has more than doubled, so Glencore — the world’s No.1 zinc producer — announced in December it would resume mining at Lady Loretta.

According to Townsville Bulletin, the restart will create 250 jobs, including project and geotech engineers, maintenance managers, shift supervisors, mechanics and dozen other positions.

The reopening is planned in phases, with the mine expected to produce 100,000 tonnes of zinc this year and an additional 60,000 tonnes in 2019.

Lady Loretta only represents about a third of the production that Glencore suspended two years ago. In August, chief executive officer Ivan Glasenberg said the company had about 500,000 metric tonnes of zinc capacity that would be restarted at “the right point in the cycle.”

Other than that imminent supply there is additional capacity coming online in the short term, including MMG's Dugald River project in Australia and Vedanta's Gamsberg mine in South Africa.

http://www.mining.com/glencore-hiring-fren...mine-australia/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 25 2018, 02:08 PM
  Quote Post


Posts: 5,115
Thanks: 2044


Zinc price will vault $4,000 within months – report
Frik Els | about 8 hours ago
http://www.mining.com/zinc-price-will-vaul...-months-report/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


6 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING