Debt-laden European zinc producer Nyrstar (EBR:NYR) said Monday it plans to raise up to $296 million (€275m) through a share offering to pay down debt and has appointed bankers to explore a total exit from mining.
Lead and zinc prices almost lost all the growth that was achieved, along with the shocking news that Glencore reason to cut output, investors found that other manufacturers have attempted to fill this decline in production.