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28/04/12
16:27
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I forgot to mention one more stat and key change.
The last forecast in 2011 showed.
Mine supply growing by 4.3% and demand for refined zinc growing by 2.2% thus creating surplus conditions...
In this report this has switched. Technically speaking the market has already moved into a deficit.
E.g. in 2012 mine supply will grow 3.9% (down from 4.3%)
and demand for refined zinc will be up 4.4% in 2012 (from 2.2%)
Demand NOW exceeds mine supply and will be exacerbated going forward from here.
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