Supply fears seen driving zinc prices up

Aug 29, 2014 | 04:34 PM | Saranya Kapur

Tags  zinc, Scotiabank, Patricia Mohr, HudBay Minerals, Teck Resources, Lundin Mining, Saranya Kapur

NEW YORK — Zinc prices are expected to rise dramatically amid concerns about tightening supply, according to Scotiabank, forecasting prices will reach $1.25 per pound next year and as high as $1.70 per pound in 2016.

"(Zinc) prices have remained firm at $1.07 (per pound) in late August, normally a time of summer doldrums," Toronto-based Scotiabank analyst Patricia Mohr said in a research note. "Commodity funds and investors have bid up zinc prices, anticipating tightening supplies over the next three to four years, with mine supplies not keeping pace with demand growth."....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results