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Bloomberg reported that according to CEO of Selwyn Resources Ltd, the zinc market is encountering continuous supply shortage since limited funding for smaller companies impede new mine development.
Bloomberg reported that according to CEO of Selwyn Resources Ltd, Harlan Meade, the zinc market is encountering continuous supply shortage since limited funding for smaller companies impede new mine development.
As quoted in the market news:
About 550,000 metric tons of additional supply is needed in the next few years to meet demand as older mines start to close next year and the metal is more widely used in new applications such as fertilizer, Meade said in a presentation today at the International Zinc Conference in Rancho Mirage, California. Zinc is commonly used to rust-proof steel.