The sign of the black angel
AIM-listed exploration and mining company Angus and Ross has interests in Brazil and Australia but is currently focused on Greenland, where it intends to exploit newly discovered zinc resources.
Base metals have been having a bad time on the metal exchanges, a situation caused by the global trade downturn that has concentrated the minds of major importers. China, the engine of world manufacturing, has become critical in determining the state of global supply; and once demand for its products started to decrease, it inevitably fell back on its considerable reserves. But it’s an ever-changing situation, and the Chinese government-controlled information agency Beijing Antaike has noted that higher output of Chinese galvanized steel in the first half of the year due to the growth in the local automobile and construction sectors resulted in increased zinc consumption.
