Well atleast Michlmore/Xstrata have the same view on Zinc.
I think what the real issue though is that OZ is falling quite disproportionately to the zinc price. It's a diversified miner firstly and its still profiting from its Zinc operations and it can make more money by simply ramping up production (if prices still stay stable).
If you look at metals across the board they've been hammered but you don't see BHP or Rio capitulating day by day really.
Something else is causing the fall behind OZ, I suspect. Probably shorters who I hope shoo off soon!
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- zinc outlook info obtained from xstrata plc
zinc outlook info obtained from xstrata plc, page-2
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