|Bid||332.55 x 1586300|
|Ask||346.00 x 294500|
|Day's Range||332.70 - 345.60|
|52 Week Range||171.50 - 348.25|
|PE Ratio (TTM)||35.59|
|Dividend & Yield||0.07 (1.63%)|
|1y Target Est||N/A|
The price of zinc hit a 10-year high as the industrial metal continues its steep climb following supply cuts from mining companies and continued strong demand out of China.
Zambia's state power company reduced electricity supply to two First Quantum Minerals copper mines on Monday, after a dispute over new, higher prices, Energy Minister David Mabumba said on Tuesday. First Quantum had failed to pay the new flat electricity tariff of 9 cents/Kwh agreed by power utility Zesco and mining companies, Mabumba told a news conference. Mabumba said supply to First Quantum's Sentinel mine was cut from 155 megawatts (MW) to 110 MW while that at Kansanshi mine reduced from 187 MW to 133.
Zambia is cutting power to mines including Africa’s biggest copper site, the Kansanshi pit owned by First Quantum Minerals Ltd., escalating a fight over tariffs.