| The zinc market could run into a concentrate shortfall in the coming months, leading to upward pressure on prices, Investec said Wednesday. "We see the zinc market as one of the few bright spots in the metals market right now given the natural attrition from old mines closing down," Investec said in a research note, commenting on the decision by Australia's MMG to push ahead with its Dugald River mine project.
"The development of Dugald River has long been expected but a considerable deficit of concentrate could yet emerge in the market in the next few months -- a situation that in our view could lead to a squeeze on the zinc price," Investec said. On Tuesday, MMG announced approval of an updated development plan for the Dugald River project in Queensland, Australia...............................................Full Article: Source
|