Stefan Ioannou: Zinc Could Hit Inflection Point in Near Term
In terms of prices, he stated that Haywood is forecasting an average zinc price of $1.10 in 2015; however, next year, the metal could be headed for an inflection point similar to what was experienced in 2007, when zinc quickly rallied to $2.
“We’re definitely on a trajectory to have that inflection point again going forward here … we could see zinc prices respond very, very quickly,” he said. “As we move further ahead into 2016 to 2018 … I think that’s really going to be the potential sweet spot for zinc."
Zinc Price Could Hit an Inflection Point Near Term