xe value?

Zinc prices are on the upswing as warehouse stocks on the London Metals Exchange have fallen sharply. Stocks have dropped from 1.4 million tonnes to less than 700,000 tonnes. The fundamentals look better for the future, says the executive chairman of CBH Resources, Jim Wall. CBH owns and operates the Endeavor zinc and lead mine near Cobar in New South Wales. CBH had purchased the mine from Pasminco in September 2003. The operation generated revenue of $A102 million in 2003-04. China, which has been a zinc exporter, now consumes its own zinc production. It is expected to import between 20,000 tonnes and 50,000 of the metal in 2004.