well put upmarket
Zinc‘s fundamentals are a compelling case in point. Fifty per cent of global zinc production goes into making galvanized steel, which lasts 12 times longer than ungalvanized steel. With cities in China alone set to grow by 350 million people in the next 20 years, steel demand is expected to maintain a compound annual growth rate globally of 3.3 per cent through 2025, according to Pricewaterhouse Coopers.
But the outcome of the global financial crisis of 2008, and the ensuing collapse in mining investment until now, has caused a 10 per cent drop in global mine supply in that timeframe.
The LME (London Metals Exchange) now is at its five-year low for zinc inventory,” Bruce Durham, CEO of Nevada Zinc Corp. (CVE:NZN), said in a recent Midas Letter interview. “Once we get to an inflection point, which we think we’re probably going to get to in the next few months, we should see the zinc price start to move up fairly substantially.”
http://business.financialpost.com/m...ised-for-price-increases-zinc-niobium-uranium
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