The Conversation (0)
Mineweb reported that analysts’ different ideas about recent and upcoming zinc mine closures and projected zinc mine openings have resulted in widely varying zinc price forecasts. As yet, it is too soon to tell who will be correct.
Mineweb reported that analysts’ different ideas about recent and upcoming zinc mine closures and projected zinc mine openings have resulted in widely varying zinc price forecasts. As yet, it is too soon to tell who will be correct.
As quoted in the market news:
Take recent forecasts from Citigroup and Credit Suisse. Citi sees zinc at 84 cents a pound next year, 93 cents in 2015 and 95 cents for the longterm. Credit Suisse takes a similar view. It pegs zinc at 80 cents in 2014, 85 cents in 2015, 90 cents in 2016 and 85 cents in the longterm.
Nothing to get much excited about in those prices – much the same as today – especially if you’re looking to make investments in zinc associated equities or actual projects.
But then there are serious zinc bulls. Scotiabank’s Patricia Mohr, a commodities analyst who oversees the Scotiabank Commodity Price Index, sees zinc hitting $1.50 a pound 2015-2016. It’s a long-standing view of hers that she re-iterated in an email to Mineweb today. Likewise Wood Mackenzie, a consulting and research group, pegs zinc over $1.50 per pound between 2016-2018, according to a well-sourced article in the Financial Times about zinc.