Zinc a winner in blistering 2016 commodities rally
extract....
Zinc and uranium
Zinc enjoyed a significant price hike as supply growth dwindled thanks to the closure of a the Century zinc mine in Queensland in late 2015 and the Lisheen mine in Ireland.
While the price has soared, Australian listed zinc plays have responded only modestly.
Red River Resources raised $30 million late last year and enjoyed a 127 per cent share price leap to trade at 21¢ in 2016, while fellow junior explorer Metalicity which is looking to jump start the undeveloped Admiral Bay zinc deposit in northern Western Australia, has traded largely sideways throughout 2016, despite reports that it's sitting on the fourth-largest undeveloped zinc deposit in the world.
http://www.theage.com.au/business/m...g-2016-commodities-rally-20170103-gtljpw.html
Zinc a winner in blistering 2016 commodities rally extract.......
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