Various analysts and articles have been talking about the zinc supply situation, and last night the zinc price flew over the important dollar level to close at $US1.015 per lb. The price hasn't been this high for two years and looks set to climb steadily during the rest of the year and through to 2016.
The rising price reflects the increased demand for the metal, used for car manufacturing and white goods, amidst mine closure from depletions with not enough new resources being developed.
The largest resource underway of any junior in the world (the big fellas have been buying the others) is Ironbark IBG and the IBG Presentation on the bottom left of their homepage is fascinating, let alone compelling, http://ironbark.gl
Zinc soars above $1 per lb and looks set to ignite interest in zinc stocks
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2,575.9 |
Change
0.000(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| $2,575.9 | $0.00 | $0.00 |