As per trading company Trafigura, the zinc and lead markets are expected to present ‘interesting market opportunities’ in the coming year. In its 2018 annual report, the company states, “In zinc, we see an increasing divergence between the concentrates and refined metal markets, with an emerging surplus in concentrates and a continuing deficit in refined before that market moves into balance”. Trafigura mentions that this disconnect will present a unique trading dynamic. For lead, the company stated that the mine supply did not show any sign of recovert and has significantly decreased in the recent years. Looking ahead, the company states, "we expect the markets for lead concentrates and refined lead to remain strong as new mine supply is constrained and the smelting industry consolidates.
Updated On 02-Jan-2019
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