Zinc Price May Jump More Than 50% in Five Years, Macquarie Says
By Feiwen Rong
http://www.bloomberg.com/apps/news?pid=20601012&sid=aCPNe.ePEIws&refer=commodities
May 5 (Bloomberg) -- Refined zinc prices may climb by more than 50 percent in the next five years as growth in mine supply slows and leads to a global shortage of the metal used to galvanize steel, Macquarie Group Ltd. said.
London Metal Exchange zinc for immediate delivery may average $1.50 a pound ($3,307 a metric ton) in 2013, according to a report today by the bank's London-based analysts led by Jim Lennon. That's 25 percent more than previously forecast, and compares with the May 2 settlement price of $2,193.50 a ton.
Rapid supply growth in the near term notwithstanding, ``lower zinc prices and difficulty in securing financing are likely to limit zinc mine production growth in the longer-term, from 2010 onwards,'' Macquarie said. There could be a shortage of refined zinc by 2011 ``which could become extremely large by 2012,'' it said.
Don't mine or Macquaries word....
http://www.metalin.com/zincsilvercopper.html
The Zinc gap is about to commence and prices will increase as supply drops and demand increases.
- Forums
- ASX - By Stock
- remember the zinc gap
Zinc Price May Jump More Than 50% in Five Years, Macquarie Says...
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAR (ASX) to my watchlist
|
|||||
Last
6.9¢ |
Change
-0.002(2.82%) |
Mkt cap ! $64.52M |
Open | High | Low | Value | Volume |
6.9¢ | 6.9¢ | 6.8¢ | $14.30K | 208.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 157859 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 159162 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 246731 | 0.067 |
1 | 75000 | 0.066 |
1 | 72000 | 0.065 |
1 | 15000 | 0.064 |
1 | 500000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 159162 | 3 |
0.072 | 200000 | 1 |
0.073 | 31724 | 1 |
0.074 | 100000 | 1 |
0.075 | 31145 | 1 |
Last trade - 11.46am 08/08/2024 (20 minute delay) ? |
Featured News
AAR (ASX) Chart |