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Zinc, copper, lead prices and production rates...

  1. Early1

    5,403 Posts.
    9
    According to our 'expert', it's a tough time to be a base metals producer... Unfortunately, he/she has failed to calculate exchange rates, either because he/she is incapable of doing such a task, is ignorant to the fact it exists, or some other lame excuse. Anyhow, below are some back of the paper calculations to show you that, being an Australian base metals producer, its actually a very good time.

    AUD 0.7733....... (0.7796)

    Copper US$5714 becomes $7389 in Aussie....... ($7289)
    Lead US$1839 becomes $2378 in Aussie....... ($2380)
    Zinc US$2159 becomes $2791 in Aussie....... ($2767)
    Tin US$18,225 becomes $23,567 in Aussie....... ($23,995)

    Brackets indicate previous week's values.

    Based on companies reconfirmed 2014 production guidance:
    25kt of zinc = $ 69,775,000
    6kt of lead = $14,268,000
    2.5kt of copper = $18,472,500
    Total = AuD$102,515,500

    Note: The amount of revenue will differ from the total above as a percentage is used to pay for the smelter, etc.

    DYOR and check accuracy of calculations.



    LME base metals rise on Friday

    LONDON, Feb. 13 (Xinhua) -- The base metals prices on the London Metal Exchange (LME) closed higher on Friday amid rising oil prices and hopes that Europe can come to an agreement over the future of Greece.

    Greek officials were working hard to find common ground with technocrats representing eurozone creditors on Friday in order to reach by February 16 at the Eurogroup meeting a compromise agreement on cooperation after the bailout, said Greek government spokesman.

    Brent Crude Oil futures rose 3.1 percent to 61.14 U.S. dollars per barrel during Friday's trading session, data from BBC showed.

    The three-month unofficial copper price increased 19 U.S. dollars, or 0.33 percent, to 5,714 U.S. dollars per tonne.

    The three-month unofficial aluminium price increased 4 U.S. dollars, or 0.22 percent, to 1,841 U.S. dollars a tonne.

    The three-month unofficial lead price increased 7 U.S. dollars, or 0.38 percent, to 1,839 U.S. dollars a tonne.

    Besides, the three-month unofficial zinc price increased 11 U.S. dollars, or 0.51 percent, to 2,159 U.S. dollars a tonne.

    The three-month unofficial nickel price increased 25 U.S. dollars, or 0.17 percent, to 14,712.5 U.S. dollars a tonne.

    The three-month unofficial tin price increased 250 U.S. dollars, or 1.39 percent, to 18,225 U.S. dollars a tonne.

    Copyright 2014 Xinhua News Agency.

    Xinhua is China's state-run news agency.

    All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    http://www.globalpost.com/dispatch/news/xinhua-news-agency/150213/lme-base-metals-rise-friday




    BEWARE THE LAME NAMELESS DUCK that has many opinions yet fails to show calculations or substantiate.

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