Insufficient mine supply bodes well for medium-term zinc, le
Insufficient mine supply bodes well for medium-term zinc, lead - Macquarie The recent North American polar vortex, as well as massive snowstorms and freezing temperatures now slamming the U.S. may result in some unseasonal tightness for lead markets, says Macquarie Research. Author: Dorothy Kosich Posted: Friday , 24 Jan 2014 RENO (MINEWEB) - “Supply/demand conditions look increasingly positive for both zinc and lead in the medium-term, with increasing concern that there is insufficient new mine supply in the pipeline to replace several major closures,” said Macquarie Commodities Research. “However, on a one-year view, we are more positive on zinc than lead, on the basis that short-term demand conditions look stronger while supply growth has decelerated faster,” said Macquarie analysts in a “Commodities Comment” published Thursday. ZINC Macquarie analysts think that the refined zinc market “is currently in a modest deficit.” https://www.mineweb.com/mineweb/content/en/mineweb-base-metals?oid=226576&sn=Detail