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Global zinc supply remains in surplus

Posted on 17 December 2009

From Purchasing.com: Global commodity statistical groups are quibbling over exact tonnage in excess but the fact is that zinc supply is outpacing demand this year and that could be setting the stage for reduced pricing in 2010-especially if the dollar starts to rebound as the U.S. economy recovers.

Zinc has been selling at an average $1.05/lb this month on the London Metal Exchange (LME), the first time it has passed $1 since April 2008 despite continued lack of……………………………….Full Article: Source

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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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