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Bloomberg reported that according to Teck Resources Ltd. (NYSE:TCK), zinc demand is surpassing supply.
Bloomberg reported that according to Teck Resources Ltd. (NYSE:TCK), zinc demand is surpassing supply.
As quoted in the market news:
Supply will outpace demand this year by 539,000 metric tons, the most since 1993, according to Standard Bank Plc. Stockpiles of the metal used in brass and steel will reach 2.2 million tons, Barclays Capital estimates. Zinc prices, which fell in four of the past five years in London, have gained 15 percent this year on signs economic growth is accelerating.