Global zinc prices may be bottoming
World zinc prices may be bottoming, as per William Adams, analyst of Basemetals.com.
William Adams said:
World zinc prices of 77 cents per pound this week are almost 40% lower than the 2008 peak of USD 1.28 reached in early March 2008 and are below marginal productions costs due to huge metal surplus and weak demand in major zinc consuming regions.
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Sun, Sep 14, 2008
Post by Melissa Pistilli, Zinc Senior Reporter