| The zinc market was characterised by another year of surplus in 2011, leading to reported inventories rising by almost a quarter. As a result, zinc lived up to expectations for it to be an under-performer, and the outlook for fundamentals in 2012 suggests that it will continue to under-perform.
Production is expected to grow strongly this year and, as a result, the market will likely remain in surplus. Indeed, there will be new highs for zinc inventories in 2012, making for a soft outlook for prices, especially in the first half of the year...............................................Full Article: Source
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