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THE RESOURCEX INVESTOR

The Resourcex Investor delivers stock market news and investing news about the junior resource companies we believe most likely to succeed. Every month, tens of thousands of investors like you choose Resourcex for stock tips and advice on investing in the stock market. See our updated track record here.

Current zinc, nickel prices 'not sustainable'
BY LIEZEL HILL  Nov, 6th
Current base-metals prices are “not sustainable for any period of time”, HudBay Minerals CEO Allen Palmiere asserted on Wednesday. “Fifty cents [a pound] is a zinc price that is going to push the vast majority of zinc operations under water,” he said on a conference call with analysts and investors.read more...

The Good And Bad News About Base Metal Prices
BY RESOURCE INVESTOR  Nov, 5th
Here’s the good news: Mine closures are happening around the world. Literally, every day a Google Alert spits out the name of a mine somewhere on this earth that is either closing completely, partially (reducing production), or thinking about it. This is especially the case with base metals and specialty industrial metals like platinum and palladium. To wit: Canadian nickel miner First Nickel (FNI) said it had suspended production at its Lockerby Mine in nickel-rich Sudbury, Ont., due to low nickel prices.read more...

LME zinc, tin plummet on demand worries in metals sell-off
BY REUTERS  Oct, 31st
Zinc and tin prices fell more than 5 percent on Friday, as recession worries triggered a commodity sell-off across the board, traders said. Zinc for three-months delivery on the London Metal Exchange sank to $1,100 per tonne but was at $1,105 per tonne by 0843 GMT versus Thursday's close of $1,160 a tonne. read more...



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