Zinc to rally, see structural deficit: Maté

Sep 10, 2013 | 12:09 PM | Mark Burton

Tags  Glencore Xstrata, zinc market, zinc, structural deficit, Daniel Maté, Mark Burton

LONDON — Glencore Xstrata Plc sees the global zinc market moving into structural deficit as new mine supply fails to keep pace with a 5-percent annualized increase in demand.

The refined market has been in deficit for seven consecutive quarters and spot premiums for special high-grade zinc are rising globally while exchange stocks are falling, the company said in its first investor day since completing the acquisition of Xstrata.....

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