IBG 20.0% 0.2¢ ironbark zinc ltd

IBG Classic Stage 2 bullish pattern, page-75

  1. 1,542 Posts.
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    The reason Iron Ore is heading down is because supply has caught up with demand.
    They are shipping record amounts. The opposite is happening with zinc supply is coming off
    as demand is strong. As far as profits for Chines steel makers go, do you think they're not
    not loving the lower IO price. Which will mean cheaper steel in the long run which will mean
    higher demand for zinc when supply is coming off.
 
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