The merger between Zinifex and Oxiana has highlighted the facts about the zinc market. It would seem that China has gone from being an importer of zinc to an exporter. Not so with copper. China has a huge use for the product and does not have substantial stock holdings. Hence zinc is now uncoupling from copper. Zinc supply is far outweighing demand. This will be the case well into the future. Basically it is not the flavour of the coming year/years. AIM has missed the boat with all the delays and skullduggery over the past 2 years. Its only opportunity now for a SP surge is locating a massive copper find at Mumbwa, if that is not the case a depressed share price will be the norm well into the future. I would like to beat up a different scenario but in reality I find it difficult to find one. I hope for my pocket I am dead set wrong.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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