Zinc Prices Rise as Mine Production Gears Up
Rising zinc prices and processing fees are the first signs of a zinc market supply crunch. While surpluses will remain for sometime, many companies are already preparing for shortages.
Rising zinc prices and processing fees are the first signs of a zinc market supply crunch. While surpluses will remain for sometime, many companies are already preparing for shortages.
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.
Reuters reported that zinc ended up in November and the outlook for the metal is positive.
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.
Business Standard reported that slower spot demand caused India zinc prices to drop.
Business Standard reported that India zinc prices ended lower on weaker global economic cues.
CommodityOnline reported that US Zinc is increasing the prices of its zinc oxide and dust.
MetalMiner reported the second part of its two-part series on the relationship between zinc inventories and zinc prices.
Tarsis Resources Ltd. (TSXV:TCC) reported that it has completed its 2011 exploration program at White River, Yukon, and provided an update on recent activities and partial results.
Trevali Mining Corporation (TSX:TV,OTCQX:TREVF) announced that it has entered into agreements with Xstrata Canada Corporation for toll-milling of mineralization from its Halfmile mine project, New Brunswick.
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