From MMG website
https://www.mmg.com/en/Investors-and-Media/Reports-and-Presentations/Presentations.aspx
(Dugald River A well timed zinc opportunity)
Zinc market supply tightening, strong demand
>New production will not offset closures – 1.8Mtpa disappears from global supply by end of 2017.
>Limited zinc exploration due to lower prices has limited new project development.
>China enforcing higher environmental standards limiting supply response.
>Solid demand from increased infrastructure investment and automotive galvanising.
Source: Bloomberg, Wood Mackenzie.
MMG predicting zinc price of $1.5 US/tonne by 2016
MMG (Century mine) is Australia’s largest open-cut zinc mine and 2015 sees its final year of production, processing and shipping.