首页|Avg cash zinc price seen climbing over next 3 years - Macquarie
Avg cash zinc price seen climbing over next 3 years - Macquarie
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NSTL
The average cash zinc price is expected to climb over the next three years, said Kamal Naqvi, metals analyst at Macquarie Bank at the Metal Bulletin's 6th International Zinc and its Markets conference. He based his outlook on the fact the concentrate market has moved into a deficit, product growth of refined metal has stalled in some regions and demand for zinc has stopped contracting.The concentrate market will be in deficit until 2005, a move that will limit refined zinc supply and help zinc prices recovery in 2003, but Naqvi predicted that the psychological level of 1,000 dollars a metric ton, basis the London Metal Exchange cash market, will not emerge until 2004.
NSTL
