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"New supply is very limited in these commodities, and we don't see big new mines being built around the world"

Iron ore, gold and coking coal have been among the glamour commodities of 2016, but Glencore chief commodity trader/miner Ivan Glasenberg’s optimism is directed elsewhere. “We believe the outlook for commodities such as copper, cobalt, nickel, zinc and thermal coal is still very strong going forward,” he told an investor briefing in London last week.

"New supply is very limited in these commodities, and we don't see big new mines being built around the world" "New supply is very limited in these commodities, and we don't see big new mines being built around the world" "New supply is very limited in these commodities, and we don't see big new mines being built around the world" "New supply is very limited in these commodities, and we don't see big new mines being built around the world" "New supply is very limited in these commodities, and we don't see big new mines being built around the world"

Zinc prices rose a further 10% in November

After strong price gains of 20% for copper, 15% for nickel, and 10% for zinc in the month of November, Glasenberg’s comments added to the positive mood around base metals heading into 2017.