Zinc Could Rise to $2,400 per MT by 2015

Barron’s reported that in the next few years, zinc prices could be pushed up over 20 percent by the combination of mine closures and increased construction in China, perhaps hitting $2,400 per metric ton (MT) by 2015.

As quoted in the market news:

Zinc has moved roughly sideways since March. But benchmark prices of the metal—used in construction, automobile production, and the manufacture of brass—could hit $2,400 a metric ton by 2015, about 23% above its recent quote of $1,955 on the London Metal Exchange, analysts say. A recent report from brokerage firm Natixis cites “the imminent demise of a number of significant [zinc] mines around the world,” as a cause. Mineral deposits get depleted as ore is extracted. At some point, it isn’t profitable to continue digging.

Click here to read the full Barron’s report.