Monthly Metal Review

Lead and Zinc (December 2010)

    In London, the Lead cash settlement price increased to US$ 2,587 per ton while the Zinc cash settlement price rose to US$ 2,432.5 per ton on the 31st of December 2010.
    In Russia, Metropol Group has initiated construction of a 1 million tpy plant at the Ozernoye lead and zinc operation in Russia’s Buryatia Republic. The Ozernoye plant is scheduled to be commissioned in 2013 and expected to reach full production of 740,000 tpy plus 110,000 tpy of lead concentrate. The concentrate will contain at least 53% zinc and 51% lead, respectively.
    In Germany, Recylex announced on 10th December that production has resumed at its Nordenham lead smelter in Germany, having been idled since late November by a ‘technical incident’ that damaged a part of the Ausmelt technology furnace. Nordenham typically produces between 100-120,000 tpy of refined lead.
    In China, Minshan Nonferrous Metals has commissioned a new SKS technology 150,000 tpy refined lead capacity plant at Anyang in Henan province. Once the new plant is operating at full production, the company will close the existing 60,000 tpy lead plant that uses a sinter and blast furnace.
    Yichun Jinlin Mining is building a new 80,000 tpy refined lead capacity plant in Yichun city in Heilongjiang province. The project was first agreed back in March 2007, but there has been progress this year with the company completing construction of the acid plant, power station and electrolytic plant. The smelter represents a move downstream for the company, which is mainly engaged in zinc/lead mining.
    In Spain, Lundin Mining Corp said on Thursday it has curtailed operation at its Aguablanca Mine in the Extremadura region of Spain due to very heavy rains. The company said its operations will be suspended pending an initial technical investigation with a decision expected in the next few weeks. The company also provided outlook for 2011, saying it expects higher copper, zinc and lead production in 2011 compared to the previous year.
    Lundin Mining has published production guidance for its operations in 2011. It expects its Neves-Corvo mine in Portugal to produce 25,000 tons of zinc in concentrate, up from 6,000 tons in 2010. Elsewhere, zinc-in-concentrate production at its Zinkgruvan mine in Sweden to rise by 3,000 tons to 78,000 tons as a result of increased throughput. Finally, it expects its Galmoy mine in Ireland to ship 17,000 tons of zinc contained in remnant high-grade ore for processing at an adjacent mine (Anglo’s Lisheen), up from projected sales of 12,000 tons this year.
    In USA, Horsehead Corporation has restarted its sixth zinc smelting furnace at its Monaca plant in Pennsylvania. The company had previously closed the furnace in response to an explosion at the furnace on 22 July.   It expects to return to full production in early January 2011.
    LME Lead stocks rose to 208,550 tons and zinc stocks to 701,425 tons.

Daily Prices

February 2011

Copper
Date(Fix.) ($/MT)
Average 9867.60
28-02-2011 9857.5
25-02-2011 9700
24-02-2011 9440
23-02-2011 9491
22-02-2011 9655
21-02-2011 9829.5
18-02-2011 9806
17-02-2011 9800
16-02-2011 9925
15-02-2011 10106.5
14-02-2011 10148
11-02-2011 9920.5
10-02-2011 9875.5
09-02-2011 10000
08-02-2011 9930.5
07-02-2011 10145
04-02-2011 9986
03-02-2011 9950.5
02-02-2011 9945
01-02-2011 9840.5
Silver
Date(Fix.) ($/OZ)
Average 30.78
28-02-2011 33.49
25-02-2011 32.54
24-02-2011 33.28
23-02-2011 33.29
22-02-2011 32.89
21-02-2011 33.43
18-02-2011 31.94
17-02-2011 30.61
16-02-2011 30.77
15-02-2011 30.72
14-02-2011 30.16
11-02-2011 30
10-02-2011 29.8
09-02-2011 30.22
08-02-2011 29.42
07-02-2011 29.21
04-02-2011 28.91
03-02-2011 28.3
02-02-2011 28.27
01-02-2011 28.32
PM MEAN AM Gold
Date(Fix.) ($/OZ)
Average -
28-02-2011 -
25-02-2011 -
24-02-2011 -
23-02-2011 -
22-02-2011 -
21-02-2011 -
18-02-2011 -
17-02-2011 -
16-02-2011 -
15-02-2011 -
14-02-2011 -
11-02-2011 -
10-02-2011 -
09-02-2011 -
08-02-2011 -
07-02-2011 -
04-02-2011 -
03-02-2011 -
02-02-2011 -
01-02-2011 -
Date(Fix.) ($/OZ)
Average -
28-02-2011 -
25-02-2011 -
24-02-2011 -
23-02-2011 -
22-02-2011 -
21-02-2011 -
18-02-2011 -
17-02-2011 -
16-02-2011 -
15-02-2011 -
14-02-2011 -
11-02-2011 -
10-02-2011 -
09-02-2011 -
08-02-2011 -
07-02-2011 -
04-02-2011 -
03-02-2011 -
02-02-2011 -
01-02-2011 -
Date(Fix.) ($/OZ)
Average 1372.73
28-02-2011 1411
25-02-2011 1402.5
24-02-2011 1411.5
23-02-2011 1409.25
22-02-2011 1401
21-02-2011 1403
18-02-2011 1383.5
17-02-2011 1379
16-02-2011 1371.25
15-02-2011 1372.75
14-02-2011 1365
11-02-2011 1364
10-02-2011 1353.25
09-02-2011 1365
08-02-2011 1363.5
07-02-2011 1347.5
04-02-2011 1355
03-02-2011 1328
02-02-2011 1337
01-02-2011 1331.5
Lead
Date(Fix.) ($/MT)
Average 2586.68
28-02-2011 2535
25-02-2011 2512
24-02-2011 2485
23-02-2011 2545
22-02-2011 2563
21-02-2011 2658
18-02-2011 2613
17-02-2011 2587
16-02-2011 2619
15-02-2011 2654
14-02-2011 2631
11-02-2011 2525
10-02-2011 2505.5
09-02-2011 2575
08-02-2011 2568
07-02-2011 2645
04-02-2011 2638
03-02-2011 2642
02-02-2011 2613
01-02-2011 2620
Zinc
Date(Fix.) ($/MT)
Average 2465.13
28-02-2011 2477.5
25-02-2011 2470
24-02-2011 2426
23-02-2011 2449.5
22-02-2011 2491
21-02-2011 2545.5
18-02-2011 2517
17-02-2011 2461
16-02-2011 2477.5
15-02-2011 2495
14-02-2011 2478.5
11-02-2011 2415
10-02-2011 2402
09-02-2011 2454
08-02-2011 2464
07-02-2011 2507.5
04-02-2011 2467
03-02-2011 2458
02-02-2011 2443
01-02-2011 2403.5
Tin
Date(Fix.) ($/MT)
Average 31526.00
28-02-2011 32265
25-02-2011 31875
24-02-2011 31150
23-02-2011 31525
22-02-2011 31750
21-02-2011 32400
18-02-2011 31775
17-02-2011 31455
16-02-2011 32450
15-02-2011 32550
14-02-2011 32395
11-02-2011 31460
10-02-2011 31250
09-02-2011 31495
08-02-2011 31250
07-02-2011 31300
04-02-2011 30945
03-02-2011 30700
02-02-2011 30545
01-02-2011 29985