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Platts reported that CRU analyst Helen O’Cleary sees zinc hitting $4,500 per metric ton (MT) by the end of the decade.
Platts reported that CRU analyst Helen O’Cleary sees zinc hitting $4,500 per metric ton (MT) by the end of the decade.
As quoted in the market news:
The analyst — speaking at the Metal Events 6th International Zinc conference in Dubai — said that supply is likely to be outpaced by demand leaving a hole in the market propelling zinc to the lofty highs last seen in 2006/2007 of around $4,000-4,500/mt.
Three-months zinc priced on the London Metal Exchange closed the April 4 kerb session at $2,004/mt, it opened January 2, 2014, at $2,060/mt.
Click here to read the full Platts report.