As zinc markets prepare for supply shortages in coming years, some producers are bringing new production online in 2012. But despite zinc prices reaching average historic levels, short term zinc prices and demand are expected to slide in 2012 before they hit their stride in 2013.
2011 has been a rather disappointing year for the zinc market. With the malaise of declining global economic growth, coupled with increasing zinc mine and production supply, zinc prices are not likely to see price support salvation until mid-2012. However, continued exploration and junior field development will likely be a predominant trend leading forward.
Zinc mining juniors are preparing to fill the gap between growing demand and declining production.
Recent applications of nanoengineering have made zinc oxide an ideal material to convert heat into electricity and increase energy efficiency of electronic and industrial technologies.
As the biggest consumer of refined zinc, news of China’s declining industrial output has pushed zinc prices lower on fears of the consequences for the global economic recovery.
Continued market volatility and opportunities for acquisitions were the take-away messages as heavyweight commodity producer and trader Glencore International Plc released its H1 results.
Batteries are critical in making renewable energy a bigger part of our energy supply. And while a number of battery types battle it out for widespread commercial application, Zinc-Bromide (ZnBr) redox flow batteries are receiving a smaller share of that action.
While it may appear as though zinc markets may be on the edge of a turn around, such projections may be premature.
Zincore CEO and President, Jorge Benavides, commented “The result of the recent Presidential election in Peru has created significant short term volatility in the market.”
Lacking the luxury and panache of the more popular precious metals, zinc has earned its keep over the centuries as an industrial base metal and, in commercial applications, as zinc oxide.
Monday, January 30, 2012