Please find for your information excerpts from an article dated October 23, 2024 by Anthony Milewski in The Oregon Group:
An anticipated supply surplus of 56,000 metric tons of zinc in 2024 is now expected to be a 164,000 ton supply deficit, according to the International Lead and Zinc Study Group.
Demand for zinc is forecast to rise 1.8% to 13.83 million tonnes in 2024, but zinc mine production is falling for the third consecutive year:
- 1.4%, to 12.06 million tonnes, in 2024
- 2.1% in 2023
- 2.4% in 2022
For a critical metal that ranks as the fourth most produced metal in the world — this is a problem.
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ZincX Resources Corp. (TSX Venture Exchange: ZNX, FRA: A2JLRM) is a Canadian exploration and development company creating value in the critical metals space - with a focus on zinc. Zinc is a versatile and essential material for the energy transition to a lower-carbon economy. It is already one of the most used metals in the world behind iron, aluminum and copper but also has applications in energy storage. It also plays a vital role in enabling other clean energy technologies like solar and wind.
ZincX Resources is well-positioned to take advantage of the worldwide looming shortfall in zinc production with the development of its Cardiac Creek (Akie property) deposit - which can help Canada meet its need for the critical mineral zinc and the global push towards decarbonization to combat climate change.