IMO there's one very important factor that's in favour of IBG and zinc fundamentals going forward, and that is, the zinc market will be in structural deficit before to long for an extended period of time.
So regardless of future down turns the world will still need zinc especially to prop up failing economies, hence why the chinese in particular are so hungary to shore up there supply as evidenced as recently with NFC's mou with a proposed Russian mine and chinese banks entering into an agreement with MMG to provide $1b in funding for Dugald river and that's in conjunction with MMG's Canadian mine proposal.
If the experts have got it right (WM, Brook Hunt, CRU) then the days of sub $1.30/lb will be a distant memory, one needs to look no further than coppers 10yr chart.
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Mkt cap ! $5.077M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
18 | 22484136 | 0.2¢ |
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0.4¢ | 31055361 | 21 |
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No. | Vol. | Price($) |
---|---|---|
18 | 22484136 | 0.002 |
6 | 14299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 31055361 | 21 |
0.005 | 2500000 | 4 |
0.006 | 4800000 | 2 |
0.007 | 715300 | 3 |
0.008 | 5606448 | 4 |
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