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

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To: koan who wrote (24533)11/7/2006 8:59:48 AM
From: John McCarthy   of 78416
 
just wanted to make sure you saw this ..

Zinc, Lead Rise to Records in London After Inventories Decline

By Chanyaporn Chanjaroen

Nov. 7 (Bloomberg) -- Zinc prices in London rose to a record after inventories of the metal used to galvanize steel dropped to the lowest in 15 years. Lead also climbed to the highest ever.

Stockpiles of zinc monitored by the London Metal Exchange dropped 1.8 percent to 99,550 tons today. They have plunged 79 percent in the past year to the lowest since April 1991. Prices have more than doubled in the past year, leading gains among more than 50 commodities.

``At current rates of decline, inventories could be depleted by midway through next year,'' said John Meyer, a London-based analyst at Numis Securities.

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Message 22984355

regards,
John
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