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Zinc Market and Zinc Investments
The zinc market is hot. Zinc prices have reached landmark numbers recently. Zinc was up more than 3.5% at USD 2,911 a tonne, after hitting a record USD 2,927. Zinc prices have more than doubled in the past 12 months, and that trend looks to continue as all metals are setting the pace for world markets, and zinc stocks are enjoying many happy returns on zinc futures and stocks of zinc mining companies.
Zinc on the London Metal Exchange inched ever closer to $3,000/ton levels respectively as funds continued their buying spree.
Zinc markets are watching India's growing demand for zinc outstrip already strained supplies for mined zinc. Due to this high demand on zinc, look for Teck Cominco, the world's largest zinc miner, and Australia's Zinifex Ltd., to gain tremendously and lead zinc stocks.
Teck Cominco is perceived to have relatively high leverage to rising zinc prices, zinc should account for 30 percent of the company's total revenues.
Zinc market analysts forecast that zinc prices will continue to rise for the forseeable future. In addition to the high demand from India, China and other Asian countries have high demand for materials such as zinc. This will be what drives zinc prices higher for the long-term. The zinc market is simply hot and should stay that way for the forseeable future. Either zinc futures or safer zinc stocks, where the zinc mining companies should show significant profits are being touted by many funds.
With the zinc market skyrocketing to new highs, the time could be right to buy in the zinc market. Perform research and learn about the zinc market.
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Open | High | Low | Value | Volume |
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