Currently viewing Global edition

Zinc explorers bullish, expecting dramatic price increases

Zinc explorers remain bullish that metal prices are poised to go much higher due to near record low levels of inventory, but that this requires the resolution of two significant geopolitical events first, they told Mining Journal at the Vancouver Resource Investment Conference.

Zinc explorers bullish, expecting dramatic price increases Zinc explorers bullish, expecting dramatic price increases Zinc explorers bullish, expecting dramatic price increases Zinc explorers bullish, expecting dramatic price increases Zinc explorers bullish, expecting dramatic price increases

Tinka's Ayawilca project in Peru

Bonded warehouse inventory levels have fallen below 160,000 tonnes of zinc, which is about seven or eight days of global supply, yet zinc prices remain in the US$1.10-1.20 per pound range.