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Delayed stimulus impacts could fire up metal prices, says Cormark

Governments are starting to shift their focus beyond COVID-19 charts to economic recovery curves, but Cormark Securities' Stefan Ioannou believes effect of stimulus packages will take time to bolster base metals demand.

Delayed stimulus impacts could fire up metal prices, says Cormark Delayed stimulus impacts could fire up metal prices, says Cormark Delayed stimulus impacts could fire up metal prices, says Cormark Delayed stimulus impacts could fire up metal prices, says Cormark Delayed stimulus impacts could fire up metal prices, says Cormark

Cormack says up to 25% of zinc mines are uneconomic at US90c/lb

"I think COVID-induced supply disruption recovery is going to take longer, which does bode well for the medium to longer-term pricing considerations.