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ZOX Zincox Res.

0.45

0.00 (0.00%)

02 May 2024 - Closed

Delayed by 15 minutes

Zincox Investors - ZOX

Share Name	Share Symbol	Market	Stock Type
Zincox Res.	ZOX	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	0.45	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			0.45	0.45

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Posted at 05/11/2017 13:57 by etarip Article on Zinc in the Investors Chronicle this week Read Full Thread Reply
Posted at 02/2/2017 09:51 by loganair The zinc price is on the rise, but which companies are set to benefit the most? - By Alistair Ford: Zinc is back in fashion and zinc companies are on the march. But which ones are worth a look? Balkan Zinc looks set to be the first zinc miner to list in London - if not quite in living memory, then at least in a long, long while. For a long time, zinc was the metal perennially out of favour. Even during the height of the mining boom it lagged, and promoters around town found the zinc slog harder than almost any other. One major zinc producer, Nyrstar, pretty much left the mining business altogether. And in February 2016 Horsehead Holding Corp (OTCMKTS:ZINCQ), a billion dollar zinc recycling company, filed for Chapter 11 protection in the US. But things are changing fast. The imminent listing of Balkan Zinc, which looks set to come to the market in mid-February, is one sign of that. But there are other signs too. Ferrum Crescent (LON:FCR) has lately got into zinc, Hannan Metals (CVE:HAN) has acquired the Kilbricken project in Ireland, ZincOx (LON:ZOX) is still alive, just, and signing new deals, while Avrupa (CVE:AVU) is actively looking for deals on the Iberian pyrite belt to complement its existing position. Meanwhile, Turkish conglomerates are nosing about looking for opportunities, and other companies too are looking to take positions in the metal. Why is this? Simple - after long years when supply was easily equal to demand, zinc is now slipping into deficit. Zinc stocks, as measured by LME inventories, fell in early January, and stood at 419,800 tonnes. These are levels not seen since the end of the last mining boom, and the lack of inventory has been accompanied by a corresponding rise in the price which, at the current US$1.23 per pound, is higher than it’s been since 2008. The first sign of this recovery was an increasing interest in zinc EFTs, for example the ETFS Commodity Securities Limited ETF (LON:ZINC), which is now trading at a five year high, but which first really moved at the end of 2015. And by that time, many canny companies had already taken significant positions. Thus Hannan and Balkan are already in place with exploration and development projects. The same is true of Zinc of Ireland (ASX:ZMI), which has several projects in Ireland, Rathdowney Resources (CVE:RTH), which has just announced a C$5mln placing, BRM Group(LON:BMR), which has just issued a positive update on its Zambian projects, and Ironbark zinc (ASX:IBG), which is moving forward with its projects in Greenland. On the North American side, the zinc companies have become increasingly active too. Thus Nevada Zinc (CVE:NZN) is attracting interest in its Lone Mountain project, including from out of Europe, Arizona Mining (TSE:AZ) is moving ahead with the Taylor deposit and Callinex Mines (CVE:CNX) has hit a three year high of C$0.65 on the strength of exploration success at Pine Bay in Manitoba. This latter project is situated adjacent to the famous Flin Flon project of Hudbay Minerals (TSE:HBM), which is now boosting production to meet the new market strength. Hudbay shares have more than tripled in value over the past year. At the top end of the zinc market, Glencore (LON:GLEN) continues to be dominant, while First Quantum (TSE:FM) and Boliden (TSE:BLS) also provide major contributions to global supply. Nevertheless, that supply is diminishing as major Irish and African mines run down, and new mines look to be slow in coming on stream. To be sure, Vast Resources PLC (LON:VAST) has recently started production at Manaila in Romania, and other of the juniors may also add a small contributions in due course, in particular mom and pop operations out of China. But the central dynamic remains the same. And broker RFC Ambrian spells it out succinctly: “The last three years have seen significant production capacity reductions through mine closures, including Vedanta’s Lisheen mine and MMG’s Century mine (which itself accounted for approximately 4% of global production.” Some of this production fall has been a tactical or strategic response to weaker pricing. But by no means all. RFC Ambrian also cites “the natural end of older mines” as a significant cause. And the really big companies are not at the moment interested in redressing the looming deficit. “Zinc is not a strategic focus for the major mining companies, suggesting that the availability of capital for large-scale new projects will be limited,” says Ambrian. Which brings us back to the smaller players. As investors search around for ideas on how to play zinc, and as the mining sector as a whole comes back into favour on the back of the Trump stimulus, the zinc juniors are likely to be in increasing demand. Old projects will start to appear on the radar again. One such might be the Black Angel zinc mine in Greenland, now owned by private company ARC Exploration. Once-upon-a-time this was held by Angus & Ross, Aim’s proxy zinc play. But the project ran into difficulties and was taken into private hands. Work has not stopped though. Eight weeks of field activities in the summer of 2016 involved ground geophysics and induced polarisation work conducted by the well-known boutique Irish consultancy Aurum Exploration Services. Then, in late June, 11 new holes were drilled, a number of which intersected mineralisation. Meanwhile, Anglesey Mining (LON:AYM) still has its large Parys polymetallic project in Wales, and this may get reactivated in the face of further zinc price strength. Across the water in Ireland, Connemara Mining (LON:CON) is still slip-streaming in the exploration wake of its major partner Teck (NYSE:TECK), while Lundin (TSE:LUN) has now departed and left the field open for Hannan. Other juniors that are worth a look are: Inca Minerals (ASX:ICG), which has the Riqueza and Cerro Rayas zinc-silver-lead projects in Peru, Zincore Metals Inc (TSE:ZNC), which also has projects in Peru, Trevali Mining, which (TSE:TV) has operations in New Brunswick and a mine in Peru, and ScoZinc Mining Ltd (CVE:SZM) which owns zinc exploration in Nova Scotia. Also on the radar: Red Crescent Resources (TSE:RCB), which has projects in Turkey, InZinc (CVE:IZN), which has the Indy zinc project in British Columbia and the West Desert project in Utah, Energia Minerals Limited (ASX:EMX), which has the Gorno underground zinc project in the north of Italy, and Consolidated Zinc (ASX:CZL), with its assets in Mexico. Read Full Thread Reply
Posted at 06/5/2016 12:37 by loganair Zinc's slow-fuse supply story starts to catch fire: Andy Home. The zinc market has for years been a story of shattered bullish dreams. Time after time investors have been lured into the market by promises of supply shortfall and higher prices only to realise they were chasing a mirage. Mines that were supposed to close always seemed able to eke out a few more years of production. London Metal Exchange stocks would spend months declining only for massive tonnages miraculously to reappear, as often as not at the U.S port of New Orleans. The LME price for three-month delivery hasn't made it above $2,400 per tonne for any length of time since 2011. Even though zinc has been a relative out-performer among the base metals so far this year, it is still trading a lowly range either side of $1,900. So whisper it softly, but there really are signs that the zinc raw materials chain is now starting to tighten up. But, and there's always a but in this market, raw materials tightness may take some time to translate into refined metal tightness. The transmission process will depend on two problematic unknowns, namely the amount of stocks in the global supply chain and a certain company called Glencore. FALLING TREATMENT CHARGES: The best way to get a grip on what is happening in the upstream part of the zinc market is to look at treatment charges, which are paid by smelters to miners for transforming their material into refined metal. If treatment charges are rising, it tells you that smelters can charge more because there is ample supply. Conversely, if treatment charges are falling, it's a signal that mined concentrates availability is tightening. And right now, treatment charges are falling. Indeed, the benchmark treatment charge for deliveries this year has slid by 17 percent to $203 per tonne from $245 per tonne in 2015, according to the first-quarter report from Belgium's Nyrstar, one of the largest smelting entities in the world. Beneath the headline figures there's a weird and wonderful world of "escalators", "de-escalators" and "free metal", all of which determine the level of price participation to be shared between miner and smelter. But it's the headline figure that really counts and this year's is the lowest since 2012. Spot treatment charges have also been falling. Those for imported material into China are currently assessed by Shanghai Metals Market at $120 per tonne, down from $150 at the start of the year and from $200 this time last year. Sliding charges are one reason why China's zinc concentrates imports fell by 10 percent over the first three months of this year. The other reason is that there is less concentrate around. FALLING PRODUCTION: The International Lead and Zinc Study Group is forecasting mine supply outside of China to contract by 9.4 percent this year due to a combination of mine closures and price-related cutbacks. Some of those big mines that defied for so long predictions of their imminent demise have now finally shut up shop. The giant Century mine in Australia, for example, milled its very last ore in the first quarter of this year and has moved onto care and maintenance. The fact that Century was still generating concentrates several months after it had supposedly closed is symptomatic of the elastic timeline of the much-anticipated zinc supply crunch. But closed it finally has after producing 6.5 million tonnes of zinc over its 16-year life. Also now closed is the Lisheen mine in Ireland. Accentuating such natural atrophy of mine production are the temporary suspensions initiated in reaction to low prices such as Nyrstar's mothballing of its Middle Tennessee mines. The single biggest suspension has been the removal by Glencore of 500,000 tonnes of annualised capacity at its Australian, Kazakh and Peruvian operations. The company reported a 28-percent decline in own-sourced zinc production to 257,100 tonnes in the first quarter of 2016. There is a broad analysts consensus that the zinc concentrates market is going to move into significant supply-demand deficit this year. The scale of that deficit will depend on the extent that China's small-scale zinc mine sector can lift production. ILZSG, for example, is forecasting a 12.4-percent lift in Chinese production. But even if that proves accurate, and there are many analysts who would question whether there is that much flex in China, the Group is still looking at a 1.4-percent fall in global output this year. TRANSMISSION: The key question is when raw material tightness transitions to refined metal tightness. Much, of course, is going to depend on Glencore, which has cut more production than any other zinc producer. That suspended mine capacity will at some stage be reactivated but it seems unlikely that a company with such a big stake in the global zinc game is going to snuff out early any rally in the price. But Glencore itself will be no doubt be sensitive to that other "known unknown" in this market, namely the amount of refined metal that is available to cushion the impact of raw materials shortfall. There is little doubt that there are substantial tonnages of zinc being stored outside of the LME warehousing system, particularly in New Orleans. It's been movement of this material onto LME warrant at the U.S port that has killed off premature price rallies in the past. The last major warranting at New Orleans was in January when 40,000 tonnes hit the LME system. But even with that inflow LME stocks have fallen below the 400,000-tonne level for the first time since 2009. That may yet prove to be an unreliable indicator. Only time will tell whether the New Orleans carousel has a few more turns to make. What is not in doubt, however, is that zinc's slow-fuse narrative of pending raw materials crunch is burning a lot quicker now than it has at any time in the last decade. Read Full Thread Reply
Posted at 25/4/2016 11:30 by loganair Zinc remains preferred choice among the base metals: Deutsche Bank: Deutsche Bank continue to prefer zinc over other base metals. Base metal positioning on the LME has continued to turn more bullish since the turn in mid January. Positioning is by no means extreme is well off record levels which suggests that investors (Money Managers on the LME) remain skeptical of the longevity of the cyclical upswing in China. The exception is zinc, which on this gauge is the most preferred base metal, says Deutsche Bank. Money manager net longs now represent 13% of the open interest on the LME versus a peak of 22% in June last year. “We continue to favour zinc as our preferred base metal, but concede that for pricing to move higher, we need to see incrementally better macro data points from China.” Read Full Thread Reply
Posted at 17/2/2016 09:00 by rathkum Nguyen Hong Linh , Secretary of the Provincial Party Committee grants investment licences to five new projects. — Photo VNA BA RIA - VUNG TAU (VNS) — The southern province of Ba Ria-Vung Tau yesterday granted investment licences to five new projects worth a combined total of about $160 million. Among the projects are a $115 million steel mill emissions processing facility, developed by Zincox Resources PLC from the United Kingdom in the Phu My 3 Industrial Zone (IZ), and an $18.3 million animal feed manufacturing plant, which is financed by the South Korean CJ Cheiljedang Corporation in the My Xuan B1-Tien Hung IZ. Other projects include the IREX Energy JSC-invested renewable energy production complex, worth more than $17 million, and a $6 million warehousing and logistics project funded by the South Logistics JSC. Both projects will be constructed in the Phu My 1 IZ. The last project is an expansion of the Duc Hanh Port in Tan Phuoc Commune, Tan Thanh District, which has a total investment of $3.6 million. It is financed by the Duc Hanh Construction Transport Corporation. In his speech at the ceremony, Nguyen Hong Linh, Secretary of the Provincial Party Committee, said Ba Ria-Vung Tau is striving to attract projects using environment-friendly and energy-efficient technologies and equipment as well as other means to provide high-value added products. The province is also calling on domestic and foreign investors to pump investment into other sectors such as transport infrastructure, logistics and tourism. "Investment in hi-tech agriculture, trade, healthcare and education are also welcome," he said. Local authorities would continue to speed up administrative reforms and improve the province's investment climate as move to better facilitate investors, Linh said, adding that the province would publish the list of projects calling for investment in the near future. In 2015, the locality attracted a combined investment capital of $740 million from 32 domestic and foreign-invested projects. As of last year, it was home to 295 foreign-invested projects valued at about $27 billion, and 434 domestically-funded ones worth more than $10.6 billion. The province aims to lure more than $1 billion in investment this year. — VNS Read Full Thread Reply
Posted at 18/12/2015 10:59 by celeritas They'll do well to keep this going with zinc prices way under break even. Rabbit out the hat for investors who see the longer term curve of zinc. Read Full Thread Reply
Posted at 17/12/2015 20:25 by loganair Zinc prices sunk to the lowest levels in nearly 6-1/2 years on Thursday and other industrial metals also fell as the dollar firmed after the first U.S. rate increase in nearly a decade. Some analysts expressed surprise that zinc was the biggest loser on the London Metal Exchange as Century, one of the world's biggest zinc mines, was closing. "Today's dollar strength is having an impact on base metals, but what is definitely surprising me is that zinc prices are under so much pressure when the Century mine is actually closing," said Eugen Weinberg, head of commodity research at Commerzbank in Frankfurt. Three month LME zinc was down 2.1 percent to $1,481 a tonne at 1054 GMT, the weakest since July 2009, after ending half a percent firmer on Wednesday. While supply was tightening in the market for zinc concentrates - semi processed ore - shortages would take time to show up in the refined metal sector due to plentiful inventories, Macquarie analyst Vivienne Lloyd said in a note. "We see the raw materials shortages translating into severe metal deficits from next year ... and Shanghai premiums should begin to lift to reflect this towards the end of 1Q16." Zinc has flipped from earlier in the year being a favourite of investors counting on mine closures to create shortages into a disappointment when the tightness failed to materialise. Zinc, which has tumbled 32 percent his year, saw short positions rise last week to have the biggest speculative short on the LME, broker Marex Spectron said. Read Full Thread Reply
Posted at 25/11/2015 20:54 by loganair Over the past couple of years ZOX has had such good write-ups. The difficulties us small private investors have, due to the internet there may be now days a wealth of information, sadly it seems to me most of the information being given out by the Investment bankers is at best false. How many of the investment banks were saying just 12 months ago that there was going to be a huge deficit of Zinc and that by the end of this year the price of Zinc would be over $2,200 per ton and as for 2016 upwards of $2,500 per ton which was all good for Zox as they had calculated all their finances on just $2,000 per ton. In my good opinion this forward looking prices for Zinc was false information being given out by the likes of Goldmans to steel the private investor hard earned money away from them. Read Full Thread Reply
Posted at 25/11/2015 17:02 by loganair cuts announced by Chinese zinc smelters last week will do little to tighten next year's global supply-demand balance in refined metal because already known mining cutbacks would have forced smelters to reduce production anyway. On top of that, hard-hit prices will fail to get much of a lasting boost in coming months due to a glut of world inventories, although there may be spikes of short-covering, analysts and investors said. Zinc is one of a clutch of industrial metals including bellwether copper which have hit multi-year lows this month, weighed down by a surplus of supplies and a fall-off in demand from top customer China. Benchmark zinc prices found respite on Friday following the announcement of plans by top Chinese zinc smelters to slash 500,000 tonnes of production next year. But that is a only a small proportion of global consumption estimated at between 13 to 14 million tonnes this year and the uplift was mainly due to panicky bears closing short positions - bets on lower prices - but this soon ran out of steam and prices on Monday came close to last week's six-year low. Three-month zinc on the London Metal Exchange has shed nearly 28 percent this year and was last at $1,570 a tonne. Investors seem to be realising that Chinese smelters were just bowing to the inevitable, said Graham Deller, head of zinc research at consultancy CRU. Due to mine closures and output cutbacks by Glencore , mines will not produce enough supply of concentrate - partially processed ore - to allow global zinc smelters to run at full capacity next year, Deller said. "The key thing to bear in mind is that especially in the wake of the Glencore mine cutbacks, there wasn't going to be enough concentrate in the market next year," he said. "The forced smelter under-utilisation was going to be around half a million tonnes in any case, so... it (the Chinese announcement) has absolutely no effect at all (on fundamentals), except it has clarified where the smelter cutbacks are going to be." INVENTORY GLUT CRU forecasts that there will be a supply-demand deficit of next year of about 400,000 tonnes of refined zinc, but this would be easily supplied from existing global inventories, estimated at about 1.5 million tonnes. "Even with cuts of 500,000 tonnes in 2016, there are still considerable zinc inventories to digest and galvanized steel inventories have also been building up in China, so we may not see much of a direct impact," said Xiao Fu, head of commodity market strategy at Bank of China International in London. The biggest use of zinc is for galvanizing steel. "There's been a drawdown in zinc inventories from bonded warehouses in Shanghai, but we don't think it's for real consumption," said Fu, who has recently returned from a trip to China. While stocks should be sufficient to supply industrial demand, there could be volatility if too many bearish investors are forced to close out positions. "The risk right now is more from a positioning point of view," said Christoph Eibl, chief executive at Tiberius Asset Management in Switzerland. Read Full Thread Reply
Posted at 31/10/2015 22:48 by loganair LME zinc and sister metal lead both sank to the lowest levels in three weeks as investors realised that production cuts announced by Glencore earlier this month would take time to tighten the market and as investors zeroed in on a combination of oversupply and weak demand in major metals consumer China. The market has largely absorbed the latest news from the US and European central banks and the focus is now back on the fundamentals of metals markets, Nicholas Snowdon, metals analyst at Standard Chartered in London, said. "The concern most investors had was central bank policy action and short-covering moves across the complex," he said. "I think we're through the phase where that risk could materialise, so that means that the underlying supply-demand picture will be back in the driving seat for price dynamics and on the whole that remains a bearish influence." Read Full Thread Reply

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