zinc price - up again, page-120

Weekend read: Had small top up in the last few days....

In 1 April 2013 LME @1,170,000
Today @777,000 (33% drop & an average drop of 32,750/m)

If the drop is consistent in the next 2 years... The LME will run out of stock in 1 April 2016. Definetely 2015 story... Here some bullish quotes from Scotiabank & Wood Mackenzie in Oct 2013. But some argue it will run out in 2019, maybe with some other considerations.

"But then there are serious zinc bulls. Scotiabank's Patricia Mohr, a commodities analyst who oversees the Scotiabank Commodity Price Index, sees zinc hitting $1.50 a pound 2015-2016. It's a long-standing view of hers that she re-iterated in an email to Mineweb today. Likewise Wood Mackenzie, a consulting and research group, pegs zinc over $1.50 per pound between 2016-2018, according to a well-sourced article in the Financial Times about zinc. "

“I expect tight market conditions for zinc beginning around 2015 and especially in 2016, due to mine depletion, a continued lower level of smelter utilization in China, due to high costs at outdated smelters, and a rebound in world demand with better construction activity in G7 countries,” Mohr writes in an email on Wednesday. “Both refined zinc and concentrate supplies could be in ‘deficit’ by 2016. LME prices for refined zinc could climb to US$1.50 per pound in 2015-16 from ($0.88) today.” She adds, “Zinc prices have held up relatively well this year.”