The Conversation (0)
Mining Weekly reported that zinc miners’ profit margins are likely to rise strongly over the next five years as the metal’s price rises due to deficit.
Mining Weekly reported that zinc miners’ profit margins are likely to rise strongly over the next five years as the metal’s price rises due to deficit.
As quoted in the market news:
According to advisory firm Wood Mackenzie (Woodmac) analyst Jonathan Leng, the next two years, 2016 and 2017, represented the ‘pinch point’ of concentrate supply, with mine-closure-related cuts expected to outweigh new output from projects.
New mines in the pipeline were not nearly as large, and did not boast the high grades that were previously commonplace.