Great article re Zinc. Very good for RXL and MCT.
Zinc Rally
In zinc, prices are climbing amid speculation that mine supply cuts will lead to a worsening deficit. Miners are supplying less of the ore concentrate that’s refined to produce zinc just as demand rebounds in China, the biggest user. Smelters will need to compete to secure the dwindling supply of concentrate by reducing the fees they charge miners to turn it into zinc, and that may prompt some to curb refining, according to SMM Information & Technology Co.
“Zinc has the best upstream shortage story to tell,” Ji Xianfei, an analyst with Guotai Junan Futures Ltd., said by phone from Shanghai. “Zinc prices may continue to rally in the short term, while the market will look back to demand for the longer term.”
Zinc prices added 1.5 percent to $2,021 a ton in London. Prices rose to the strongest level in almost a year on the Shanghai Futures Exchange.
Great article re Zinc. Very good for RXL and MCT. Zinc Rally In...
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