Not sure if you feel the same, but it does seem to me, watching many shares crushed to within an inch of their lives, that the bull run can't be too far off. The thumbscrews on each sp have been overtightened, particularly in the last three months. There now doesn't appear to be much more downward leeway. I therefore feel we are close, a few months only away maybe, from the bear cycle to end.
Just a feeling, based on what I'm seeing, the levels of sp destruction having been exaggerated to almost the point of annihilation in some cases.
Have to see, but I remain optimistic for a turnaround.
If the Sable plant is now to be mothballed and if it is technically feasible maybe we should be looking at getting the Electrowinning plant from Glencore and producing some of the shiny stuff instead of selling concentrate.
Over the forecast period (2014–2020), world zinc mine production is projected to fall to 13.2Mt in 2020 while global zinc consumption which was 13.2Mt in 2013 and up by 7.4% compared to 2012, is expected to reach 16.8Mt in 2020.
A lack of investment in large-scale projects, the exhaustion of large operating mines and a gradual recovery of the global economy are expected to push the global zinc market into a state of pronounced deficit and apply upward pressure on prices.
Upcoming zinc projects are mainly owned by small-scale companies, which account for 40% of global zinc production. There are nine projects, with combined reserves of 334.3Mt, scheduled to commence operations during 2014–2016
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