Why zinc price is more than lead prices ?

By far the biggest uplift should come, in our estimation, in the most beaten down base metals. We have zinc  more than doubling, copper up 50% and lead up nearly 50%. Nickel, due to the massive new mines that Vale controls (Goro etc) and Ambartovy strikes us as a metal with more limited uplift potential and we have it only rising 10% over the next three years. The uplift will be in underinvested minerals with zinc being the strongest mover. Lead’s fate is more closely tied to the battery market which we see as being stable to declining. However the massive attrition in zinc/lead mines shall precipitate a flip in the balance of power between sellers and buyers with the former coming out on top for the first time since the middle of last decade. Underinvestment in copper shall also have its effect with high capex of sizeable mines being the biggest deterrent to anyone contemplating mega-projects until prices have stabilised for a long while over $3 per lb. In our version even that felicitous situation won’t happen until 2018 or 2019. – See more at: http://investorintel.com/technology-metals-intel/pinning-tail-mining-price/#sthash.SeU48qP8.dpuf

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