This year has already seen the price of one base metal skyrocket higher – nickel. It hit a 27-month peak recently, north of $21,000 per metric ton (mt).
Now Zinc – a base metal that’s been priced low for many years – might be positioned for a sharp price rise.
Why? It’s simple supply/demand at work.
We have demand increasing, thanks to a combination of rapidly rising vehicle sales in emerging economies – along with a resurgence in automobile sales in the developed world. (more)
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