15.09.2014 - Zinc: World running out and shortage hits pound in your pocket
Prices for the rust-resistant metal zinc soared to a three-year high last week as exhausted mines across the world close, but it is with the pound in our pocket that we are likely to feel the soaring cost most acutely. One and two-pound coins are made up of as much as 25 per cent zinc and analysts are predicting the Royal Mint may have to follow the example of the US Mint and take cost-cutting measures. The news that zinc prices had spiked on Monday came only days before Chancellor George Osborne launched a competition to create an image that will be emblazoned on the “tails” side of the £1 coin...............................................Full Article: Source
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