Nyrstar shares rally as higher zinc prices, premiums, help to trim loss in H1

Nyrstar’s shares rose as much as 4.4% on Thursday July 24 after the Brussels-listed zinc producer recorded a narrower loss for the first half of the year, supported by rising zinc prices, premiums and treatment charges.

Nyrstar’s shares rose as much as 4.4% on Thursday July 24 after the Brussels-listed zinc producer reported a narrower loss for the first half of the year, supported by rising zinc prices, premiums and treatment charges. As zinc prices have rallied to three-year highs, investors have grown more optimistic about the prospects for the smelting and mining group, which has been loss-making since 2012. At an intraday high of €3.10 ($4.17), the company’s shares were up 4.4% on the day and up by more than a third from lows seen at the start of July. In the first half, the group’s marketing,...

Published

Mark Burton

July 24, 2014

11:09 GMT

London