Last week, analysts at Macquarie came out with some positive commentary regarding ‘sharp inventory outflows, mostly from Guangdong (China) warehouses’.
The broker is forecasting a zinc price of US$3100 per tonne by the fourth quarter of 2017 and it expects this level to be maintained in calendar year 2018. This compares with current levels in the vicinity of US$2600 per tonne.
A small extract from an article I have read.
Ann: Admiral Bay Zinc Project PFS Update, page-39
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