OTCPK:NNDIF - Post by User
Post by
rdwwwon Oct 18, 2016 11:35am
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Post# 25355917
GC has 500K tonnes shuttered in Zn still
GC has 500K tonnes shuttered in Zn stillper a note from HRA today
"Teck is of the opinon that the production that can come on stream in China even with a fairly sizeable increase in Zinc prices is only 150-200K tonnes per year. If that is true it wouldnt be enough to fill the looming supply gap. As noted in VTT coverage last issue we still have Glencore and its 500K toonnes per year of idled production to consider. Glencore still isnt talking but also seems to be making no moves to restart anything. They seem committed to wait for higher, perhaps significantly higher, zinc prices before they make a move."