In the short term, 2012 is unlikely to provide much relief for zinc markets, but shifting mine supply dynamics could see a positive finish for the year.
With continued robust economic growth expected from a number of developing countries and a slowing of output from existing zinc mine sites, current surpluses are soon to disappear.
But, this supply crunch is not yet upon us. In the meantime, 2012 could prove a year of significant junior field development.