This is from Wood Mackenzie
Zinc could be rising star of base metals market - Wood Mackenzie
Zinc could be the rising star of the base metals market going forward, says Richard Wilson, chairman of metals at Wood Mackenzie.
Author: Agnieszka Troszkiewicz & Maria Kolesnikova (Bloomberg)
Posted: Wednesday , 16 Oct 2013
(BLOOMBERG) -
Zinc may outperform other industrial metals in the coming years as planned mine closures reduce supply, according to Wood Mackenzie Ltd.
“Zinc could be the rising star of the base metals market going forward,” Richard Wilson, chairman of metals at Wood Mackenzie, told reporters in London today. “Zinc could be quite exciting in a couple of years.”
Lower prices for gold and silver, which are often mined together with zinc, may put pressure on mine production and force more closures, particularly in South America, he said. Zinc will average $2,200 in 2014, trading closer to $2,000 in the first half of the year because of high stockpiles before rising in the second half, Andrew Thomas, an analyst at Wood Mackenzie, said.
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