Fresh commentary from Scotiabank and CRU:
Most analysts are predicting that more clandestine zinc inventories will find their way to market as prices rise.
“While it is possible that further inventories are delivered to the major exchanges from hitherto less visible locations, it is inevitable that we eventually see an impact on refined (zinc) supplies and the current rally is likely the market preemptively getting ahead of this tightness,” Scotiabank penned in its July commodities index.
Scotiabank and CRU see the current market imbalance eroding both the known and less visible stockpiles of zinc.
Deller said, “The key question in the zinc market is no longer whether, but is now when will the market run out of metal?”
Scotiabank sees this depletion of stocks happening sooner rather than later.
In its annual Global Outlook report published in early July, the bank forecast zinc prices to average US$1.25/lb. in 2017.
“Prices are expected to rise over the coming years until sufficient supply can be incentivized back onto a starved market,” the bank penned in the comprehensive economic report.
Full article from http://www.petroleumnews.com/pntruncate/787773235.shtml and punters can do their own calculations on what a zinc price of $1.25 per lb would do for IBG with mining approval and possibly a construction and financing arrangement in place by then with China Non Ferrous (NFC).
Glad to be BIG with IBG
- Forums
- ASX - By Stock
- IBG
- Zinc forecast to be $1.25 in 2017
Zinc forecast to be $1.25 in 2017
-
- There are more pages in this discussion • 3 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 IBG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $3.667M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $367 | 183.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 28474995 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 6030354 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 28474995 | 0.002 |
11 | 12100487 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 6030354 | 9 |
0.004 | 33781459 | 21 |
0.005 | 2500000 | 4 |
0.006 | 4800000 | 2 |
0.007 | 715300 | 3 |
Last trade - 10.04am 30/08/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online