Iron Ore Prices Slump to Multiyear Lows

Seaborne iron ore prices hit a five-year low on August 27, with the Platts 62% Fe Iron Ore Index (IODEX) falling $0.75 day-over-day to $88 per dry metric ton (dmt) Cost and Freight (CFR) North China. The last time the 62% Fe IODEX was lower was July 21, 2009, when it was assessed at $87.50/dmt CFR North China, according to Platts Metals.

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Zinc Moves into Deficit Territory

By Steve Fiscor, Editor-in-Chief

Metal prices during June remained fairly steady with the exception of gold, silver and zinc. 

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Lead Market to Remain Healthy in 2014

Market GraphDuring its April meeting in Lisbon, the International Lead and Zinc Study Group (ILZSG) reviewed the current outlook for trends in world supply and demand for lead. The group expects that global demand for refined lead metal will increase by 4.4% in 2014 to 11.73 million metric tons (mt). This will be driven mainly by growth in China where usage is forecast to increase by 7.4%. In 2013, China accounted for 45.2% of total global lead usage. After increasing by 14.1% in 2013, demand in the U.S. is forecast to rise by a modest 0.6%. In Europe, a rise of 2.2% is anticipated, driven mainly by a forecast recovery in Italian demand.

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