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Zinc: Bullish fundamentals to start impacting markets in 2014

Posted on 26 February 2014

The long anticpated supply tightening in zinc is emerging as recent zinc mine corporate data suggests, according to Barclays Plc. Barclays which tracks close to 20% of global supplies reported that major zinc producers have reported 4% lower production on a year on year basis with ouput contracting at half the mines.
“During 2013, zinc performed fairly better than its peers from the base metals complex, fetching a marginal negative return of 0.57%. In the year 2011, zinc prices plummeted by 24%, the most among other base metals on the back of supply surplus and high legacy inventory,” according to Nirmal Bang Commodity Year Book 2014………………………………………..Full Article: Source


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