Monthly Metal Review

Lead and Zinc


    In London, the Lead cash settlement price rose to US$ 2,290 per tonne while the Zinc cash settlement price rose to US$ 2,226.50 per tonne on the 30th of November, 2009.
    Doe Run Peru most likely will revive its operations at La Oroya smelter at the end of January or at latest within the first few months of 2010. This is good news with union leaders saying that talks to pay off debts and plans to secure contracts with suppliers are already underway. Previously the company had affirmed that if they were granted an extension, they would be able to complete their environmental clean-up, resume production, and commence the remuneration of dept. The Peruvian government approved endorsed a 30 month extension to Doe Run for the La Oroya operation. 
   Anglo and Exxaro may be considering presenting their zinc assets as a package deal for a more appetizing sales opportunity. However both are looking into all options to maximize returns, considering the market, and plotting out a strategic agenda. China has shown some interest in Anglo’s unwanted assets, not only as an attempt to control overseas assets but also reflecting domestic competition in the zinc sector for dominance. 
    Century has been forced to halt shipments as they have run out of zinc stock since its concentrator was suspended in October due to a leak in the slurry pipeline. A bypass to circumvent the problem leak should be completed and in place at the end of November. However shipments could be delayed several weeks as the pipeline bypass will undergo extensive testing prior to resuming the slurry flow and restarting the concentrator. 
    Teck Recourses has temporarily shut-down its Trail lead furnace for repairs following equipment failure at the beginning of the month. They will continue to refine lead from inventory which should reduce the impact of the shut-down, nevertheless some shipments may be affected the company advised customers. However the zinc production at Trail will continue unaffected by the disruption.
    Peru’s Antamina and its unions have signed a new three years labor contract this month.

Daily Prices

November 2009

Copper
Date(Fix.) ($/MT)
Average 6675.60
30-11-2009 6814.5
27-11-2009 6755
26-11-2009 6904.5
25-11-2009 6914
24-11-2009 6865
23-11-2009 6945.5
20-11-2009 6731
19-11-2009 6761
18-11-2009 6926
17-11-2009 6761
16-11-2009 6700.5
13-11-2009 6500
12-11-2009 6475
11-11-2009 6595.5
10-11-2009 6475
09-11-2009 6565
06-11-2009 6532
05-11-2009 6527.5
04-11-2009 6571
03-11-2009 6395.5
02-11-2009 6473
Silver
Date(Fix.) ($/OZ)
Average 17.82
30-11-2009 18.14
27-11-2009 17.98
26-11-2009 18.49
25-11-2009 18.63
24-11-2009 18.57
23-11-2009 18.76
20-11-2009 18.18
19-11-2009 18.2
18-11-2009 18.74
17-11-2009 18.1
16-11-2009 17.74
13-11-2009 17.3225
12-11-2009 17.51
11-11-2009 17.63
10-11-2009 17.26
09-11-2009 17.68
06-11-2009 17.525
05-11-2009 17.38
04-11-2009 17.48
03-11-2009 16.35
02-11-2009 16.58
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average -
30-11-2009 -
27-11-2009 -
26-11-2009 -
25-11-2009 -
24-11-2009 -
23-11-2009 -
20-11-2009 -
19-11-2009 -
18-11-2009 -
17-11-2009 -
16-11-2009 -
13-11-2009 -
12-11-2009 -
11-11-2009 -
10-11-2009 -
09-11-2009 -
06-11-2009 -
05-11-2009 -
04-11-2009 -
03-11-2009 -
02-11-2009 -
Date(Fix.) ($/OZ)
Average -
30-11-2009 -
27-11-2009 -
26-11-2009 -
25-11-2009 -
24-11-2009 -
23-11-2009 -
20-11-2009 -
19-11-2009 -
18-11-2009 -
17-11-2009 -
16-11-2009 -
13-11-2009 -
12-11-2009 -
11-11-2009 -
10-11-2009 -
09-11-2009 -
06-11-2009 -
05-11-2009 -
04-11-2009 -
03-11-2009 -
02-11-2009 -
Date(Fix.) ($/OZ)
Average 1127.04
30-11-2009 1175.75
27-11-2009 1166.5
26-11-2009 1182.75
25-11-2009 1179.75
24-11-2009 1163.25
23-11-2009 1169.5
20-11-2009 1140
19-11-2009 1135.5
18-11-2009 1149
17-11-2009 1134.75
16-11-2009 1130
13-11-2009 1104
12-11-2009 1114.75
11-11-2009 1115.25
10-11-2009 1101.5
09-11-2009 1106.75
06-11-2009 1096.75
05-11-2009 1089
04-11-2009 1090
03-11-2009 1061
02-11-2009 1062
Lead
Date(Fix.) ($/MT)
Average 2308.76
30-11-2009 2290
27-11-2009 2289
26-11-2009 2344
25-11-2009 2354
24-11-2009 2358
23-11-2009 2375.5
20-11-2009 2309
19-11-2009 2335
18-11-2009 2405
17-11-2009 2331
16-11-2009 2290.5
13-11-2009 2241
12-11-2009 2251
11-11-2009 2312.5
10-11-2009 2258
09-11-2009 2278
06-11-2009 2320
05-11-2009 2320
04-11-2009 2312
03-11-2009 2250.5
02-11-2009 2260
Zinc
Date(Fix.) ($/MT)
Average 2193.38
30-11-2009 2226.5
27-11-2009 2198
26-11-2009 2242
25-11-2009 2248
24-11-2009 2221
23-11-2009 2258.5
20-11-2009 2196.5
19-11-2009 2205
18-11-2009 2252
17-11-2009 2235
16-11-2009 2200
13-11-2009 2136
12-11-2009 2131
11-11-2009 2155.5
10-11-2009 2121.5
09-11-2009 2188.5
06-11-2009 2168
05-11-2009 2185.5
04-11-2009 2201.5
03-11-2009 2146
02-11-2009 2145
Tin
Date(Fix.) ($/MT)
Average 14942.38
30-11-2009 14800
27-11-2009 14825
26-11-2009 15025
25-11-2009 15000
24-11-2009 14960
23-11-2009 15075
20-11-2009 15000
19-11-2009 15100
18-11-2009 15255
17-11-2009 14800
16-11-2009 14880
13-11-2009 14855
12-11-2009 14775
11-11-2009 14945
10-11-2009 14860
09-11-2009 15050
06-11-2009 14975
05-11-2009 15010
04-11-2009 15000
03-11-2009 14700
02-11-2009 14900