The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Shrinking supplies seems to overcome gravity of slowing base metals demand
Caught between an updraft caused by dwindling supply and the gravity of slowing growth in global demand, zinc prices seem to have reached a cruising altitude above US$1 per pound.
Recent closures of two large zinc mines - Century in Australia and Lisheen in Ireland - wiped out more than 600,000 metric tons of the world's annual supply of the galvanizing metal.
Analysts expected these looming suppl...
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