Dear Firestone Shareholders,
In our ongoing efforts to provide broader communications and market information, we are pleased to provide you with Industry Sector Bulletins discussing current market opinions and/or conditions that affect the price, supply, and demand of Zinc.
The following article below describes how Zinc is set to perform better than other base metals in the near future as falling Chinese exports and rising steel production will boost prices.
The increasing demand for zinc is one reason resource companies, such as Firestone Ventures are looking to help alleviate the problem by exploring for Zinc. In fact, Firestone Ventures recently announced that the May, 2007 surface exploration program consisting of prospecting and soil sampling at the Company's Torlon Hill zinc-lead project in Guatemala has defined a zinc and lead soil anomaly extending 400 metres south of the previously drilled area.
Click here to view the announcement.
For Further Information about Firestone Ventures please feel free to click the following link to visit the Company’s Stock Hub.
FIRESTONE VENTURES STOCK HUB
Regards,
AGORACOM Investor Relations
Zinc May Outperform Other Metals on China Demand, Scotia Says
Zinc, used to galvanize steel, may perform better than other base metals in the ``near'' term as falling Chinese exports and rising steel production will boost prices, said Scotia Capital Inc.
China became a net buyer of refined zinc in April and May, depleting global inventories. Without Chinese exports, the rest of the world would face a shortage of the metal, analysts Na Liu and Eric Yan said in a weekly note e-mailed to Bloomberg today.
China's demand for zinc, which helped to boost prices more than fourfold in the past five years, is increasing as economic growth averaging 9.5 percent a year in the past decade has made cars and appliances more affordable. General Motors Corp. and its rivals sold 25 percent more vehicles in China last year.
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