Zinc Mining Juniors Ready to Meet Coming Supply Crunch
Zinc mining juniors are preparing to fill the gap between growing demand and declining production.
Zinc mining juniors are preparing to fill the gap between growing demand and declining production.
While it may appear as though zinc markets may be on the edge of a turn around, such projections may be premature.
Strong evidence that the world’s economies will weather the current storm resulted in zinc having one of its most positive weeks, in terms of price gains.
Zinc prices traded marginally higher Thursday, as part of an overall optimism in the markets that the new Fed stimulus plan will stoke the U.S. economy’s recovery.
The base metals’ complex started the week in negative territory- pushed lower over pessimism in the US markets. Zinc for delivery within three months slipped 0.7 percent to $2,214 per tonne on the LME.
Zinc hit a four month high in early trading as economic data out of the world’s two largest economies, the United States and China, bolstered overall market sentiment.
Zinc has been the metal to witness the biggest gains over the past month, rising 5.5 percent to beat out counterparts copper, aluminum, and nickel.
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