The big picture is one of supply and demand all4one, totally different market zinc and IO
China has a surplus of IO but steel output will continue to be high, I'll explain that zinc is used in STEEL not IO.
Motor vehicle sales are growing, shipbuilding orders are up 38% and as mentioned infrastructure spending has increased.
Steel output is going to remain high therefore the zinc used this steel will be in demand,
In the long run cheaper steel prices are good for zinc demand as Steel will continue to be used because it is cheaper than alternatives.
1 of the things I am worried about looking forward is the use of aluminium in cars instead of steel however cheaper steel prices might delay this for a while longer.
As has been stated on here before a global meltdown is something that would ruin all plans but that is out of my control and with growing urban populations in developing nations needing infrastructure and white goods etc zinc will be ok.
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