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Mining Weekly reported that according to Glencore plc (LSE:GLEN) CEO Ivan Glasenberg, the commodities supercycle is being dragged down by poor prices for commodities like coal and iron ore.
Mining Weekly reported that according to Glencore plc (LSE:GLEN) CEO Ivan Glasenberg, the commodities supercycle is being dragged down by poor prices for commodities like coal and iron ore.
However, he is encouraged by zinc’s prospects.
As quoted in the market news:
‘You have to be bullish on zinc,’ he said in response to Mining Weekly Online at Glencore’s well-attended media conference in Johannesburg.
This was because one million tons of zinc had been taken out of the market through the closure of zinc operations and the absence of any new big supply.