Analysts comments on the zinc market -- bullish.ZNX's largest shareholder is Tongling Nonferrous Metals (Chinese State Owned Enterprise). Tongling has asked for and is receiving some of the drill core from this year's exploration / drilling season.
Although zinc demand in the energy transition will be a corollary to copper demand, zinc is used in renewables to protect against corrosion, and we might see some advancements in the zinc energy battery storage space. These advancements are still subject to the challenges of lower life cycle and rechargeability compared with lithium-ion batteries. The zinc price will remain elevated, however, with fewer mines expected to start up in 2022-25 — especially in China, where mined zinc is estimated to decline to 3.8 Mt within the forecast period.
ZNX -- Buy and Hold.
Tongling bought out Corriente Resources a while back for $680 million.