Macquarie - Increased Forecasts for Zn by 14-19% over next 5 Years

Barry Fitzgerald has given IMA a plug in Stock Head when discussing the recent Mac upgrade on ZN and rutile as below:

"Macquarie upgraded its zircon price forecasts by 14-19% over the next five years to reflect “strong demand and the recent rise in spot prices”.

“Rutile prices are set to benefit from delayed and suspended projects like Sembehun (an Iluka rutile project in Sierra Leone).”It sees the zircon price rising for premium material from US$1,360/t in 2021 to US$1,530t come 2025. For rutile, the forecast increase is from US$1,250t to US$1,375/t.