Scotiabank’s Mohr Says Zinc is “Next Big Base Metals Play”

Mineweb reported yesterday that according to Scotiabank’s Patricia Mohr, zinc will be “the next big base metals play for investors.”

As quoted in the market news:

‘A pick-up in China’s Flash Purchasing Managers’ Index for June to 50.8 from 49.4 in May and a broad-based improvement in U.S. industrial activity (+4.3% yr/yr, centered in autos, business equipment and materials) lifted market sentiment,’ she observed.

‘An improvement in The American Institute of Architects Bulling Index – a leading indicator of commercial & institutional construction – also point to a modest recovery ahead in zinc-intensive U.S. non-residential building activity,’ Mohr added. ‘Equally important, market participants are anticipating a shift into ‘deficit’ in both refined metal and concentrate markets for zinc by mid-decade, given mine depletion and greenfield development which may not keep pace with demand.’

Click here to read the full Mineweb report.