I think that there is an aspect of upturn missing and a lot of it is very recent. An infrastructure boom by the US is long past it’s due date. $6Tn US was the forecast build to get the country back up and running properly. That won’t have improved and Biden’s $2Tn will be welcomed in many quarters.
Added to that is the fact Zinc is becoming a major player in battery technology too. It’s cheaper and has been found to have better properties than a host of the more ‘known’ minerals. That can only be good news, not only on the vehicle front but in terms of large storage devices and other solutions.
The trouble is the markets are mostly reactive and seem to be flaky a lot of the time. Manipulated I think they call it.
As for the above with respect to Exim and what Biden has forecast on climate change and infrastructure spend. The two go hand in hand to me and if the US holds one of the the largest mines in the world it’s less likely to be affected by external threat (Russia / China) and being in one of the most strategic places on earth is the bi-line story.
To me the next couple of years for IBG should be very exciting if the funding is announced some time around June. All IMO.
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24 | 27346543 | 0.002 |
11 | 11400488 | 0.001 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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