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Scotiabank economist Patricia Mohr is bullish on the outlook for zinc.

“I think zinc is going to do very well in the medium term,’’ said the Scotiabank commodities specialist, who expects prices to jump to around US$1.40 per pound by 2015 from US88 cents this week.

In an interview with Stockhouse, Mohr said prices will likely be driven higher by a variety of factors, including:

The depletion of large zinc mining operations around the world.

Reduced production at high cost smelters in China, which currently ranks as the world’s leading zinc producer.

A middle of the decade recovery in construction activity in G7 countries, that will boost demand for zinc that is needed for everything from galvanized steel to doors and windows in residential homes.

Published reports say a boom in zinc demand could deliver sizeable profits to large miners such as Glencore Xstrata, the world’s leading producer and trader of zinc, as well as Canada’s Teck Resources Ltd. (TSX: T.TCK.B, Stock Forum).
Read more at https://www.stockhouse.com/opinion/movers-shakers/2013/10/30/scotiabank-economist-says-think-zinc%E2%80%9D-(t-tck-b)-(t#0osHSl4mFR8dUABf.99