September 08, 2008

Zinc prices to climb in next 2 years – Teck Cominco

Purchasing.com cited Mr Don Lindsay CEO of Canadian mining firm Teck Cominco as saying that zinc prices will head up in the next two years as more zinc mines are shut down.

Mr Lindsay said that closing of mines in all markets except China, coupled with the possibility of an export tax on China's high grade zinc, will make the global zinc market very tight.