|Bid||306.40 x 0|
|Ask||306.45 x 0|
|Day's range||304.90 - 319.70|
|52-week range||271.45 - 478.65|
|Beta (5Y monthly)||1.27|
|PE ratio (TTM)||10.07|
|Forward dividend & yield||15.00 (4.77%)|
|Ex-dividend date||09 May 2023|
|1y target est||N/A|
Boliden's Tara zinc mine has been temporarily suspended due to falling zinc prices and escalating energy costs, marking a significant shift in the metals production sector.
Ronnskar smelter, a major European copper producer, has declared force majeure on copper deliveries to customers after a fire, its owner Boliden said on Friday, adding that the group's other copper deliveries were unaffected. Ronnskar, Boliden's biggest production unit, halted output on June 13 due to safety reasons after fire destroyed its cell house in Sweden. "For the time being we cannot say exactly when production will be resumed, we aim to within the next couple of weeks," Boliden said in an emailed statement.
Zinc prices climbed to a three-week high on Wednesday after Swedish miner Boliden said it will suspend production at Europe's largest zinc mine in Ireland within the next month because of "unsustainable financial losses". Benchmark zinc was the biggest gainer on the London Metal Exchange (LME), climbing 3% to $2,452 a metric ton by 1130 GMT for its highest since May 22. Boliden also said it expects a negative impact of 700 million Swedish crowns ($65 million) on second-quarter earnings before interest and tax because it was forced to halt output at its largest production unit, the Ronnskar smelter in Sweden, after a fire broke out overnight.