RE:RE:Big Brother GlenUnless this comes directly from Glencore, this is just guessing...anyone can predict that if the prices are strong enough Glencore will restart its mines. for prices to stay over 3k after the restart they will have to climb to the high end of 3k before the restart....
Lazer65 wrote: NEXT YEAR> Glencore to capitalise on rising zinc prices Glencore Plc is expected to restart or ramp-up production across its zinc operations as growing market deficit will support buoyant metal prices above $3,000/t. The commodity powerhouse foresee the capacity restarting at the right point in the cycle, with tightening metal market in 2018 giving upside risk to prices. Since Chief Executive Officer Ivan Glasenberg suspended supply in late 2015, market fundamentals have significantly improved with zinc extending its rally into 2017 as demand improved and the deficit widened. Some investor concerns surrounding the outlook for 2018 have arisen around whether Glencore will restart its mine, however Australia & New Zealand Banking group analysts expect the market to easily take up any additional supply. Three-month futures trade around $3,200 a ton on the London Metal Exchange, showing a 21% increase over the past 12 months.