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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (104)	2/17/1999 1:31:00 PM
From: lorne	Respond to of 3270

London--Feb 17--The western-world lead market recorded a supply-demand surplus of 34,000 tonnes last year, while the zinc market saw an 87,000- tonne deficit, according to preliminary figures from the International Lead and Zinc Study Group. The figures compare with a 1997 western-world lead deficit of 6,000 tonnes and a zinc deficit of 33,000 tonnes. By Miranda Maxwell, Bridge News, Story .13355 London--Feb 16--European zinc smelters are still seeking 1999 concentrate treatment charge terms at US $5 to $10 a tonne above levels sought by zinc miners, sources in Europe said this week. While sporadic spot deals were said to have been struck, they were too small and individual in nature to be used as benchmark settlements, sources said. By Miranda Maxwell, Bridge News, Story .12600 Tokyo--Feb 17--Japan's Mitsui Mining and Smelting Co. announced today it has raised its domestic sales price of refined zinc by 5,000 yen to 161,000 yen per tonne, effective immediately. The monthly average price of refined zinc now stands at 157,100 yen for February. Bridge News, Story .2021 New York--Feb 16--German zinc smelter Metallgesellschaft and Canadian zinc mining company Noranda have settled treatment charges, a MG source confirmed today, saying that the deal was made for 1999 and 2000 concentrate shipments. While industry sources have suggested the treatment charge was at a level of $167-170 basis $1,000 per tonne, both parties refused to reveal the specifics of the deal, saying that they had agreed not to disclose it to the market. By Melanie Lovatt and Darcy Keith, Bridge News, Story .20153 crbindex.com

To: Claude Cormier who wrote (104)	2/18/1999 7:31:00 PM
From: Harry K	Read Replies (1) \| Respond to of 3270

You're right, Claude - it does! Thanks!! Harry K.