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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (22764)10/17/2006 5:42:20 PM
From: koan  Read Replies (2) of 78416
 
London - The price of zinc hit a record high above $4 000/tonne on Tuesday owing to fierce Chinese demand and plunging global stockpiles.
On the London Metal Exchange, three-month zinc prices reached an all-time pinnacle of $4 020/tonne - the highest level since the metal was first listed in 1915. Zinc is used to galvanise iron and steel.

The base metals complex is currently enjoyed a record-breaking run thanks largely to weak stocks, production problems and soaring demand from China, whose economic expansion has continued at a blistering pace, analysts say.

On Monday, nickel had touched an all-time peak of $31 950/tonne and lead rose to a record high $1 550/tonne.

Tin prices meanwhile had hit $11 000/tonne --the best level since 1989 when the metal was re-introduced on the London market.

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