RVR 0.00% 7.3¢ red river resources limited

Glencore restarting Lady Lorretta, page-6

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    this has calmed me down a lot !..... lesson to be learnt don't panic at the first article you read!

    Adds closing prices)
    By Maytaal Angel
    LONDON, Dec 12 (Reuters) - Zinc prices rose on Tuesday after
    miner and trader Glencore held its output forecast
    steady for next year, disappointing investors who had largely
    bet it would restart more capacity.
    Glencore told an investors presentation it would restart its
    Lady Loretta mine in the first half of 2018, but added that it
    expects zinc output to fall slightly to about 1.09 million
    tonnes from 1.1 million tonnes this year.
    In 2019, Glencore sees its zinc output creeping up to 1.16
    million tonnes.
    "Based on their guidance numbers it does remain fairly
    constructive for zinc. The market was expecting more of an
    immediate supply increase," said ING commodities strategist
    Warren Patterson.
    However, he added that ING expects overall global zinc
    supply to increase next year, with the addition of capacity
    coming online in Australia and South Africa.

    * ZINC: London Metal Exchange zinc ended up 1
    percent at $3,157 a tonne.
 
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