More weakness is predicted in Zinc price
Mon, Sep 1, 2008
VM group reported that the supply-demand fundamentals for zinc are deeply unattractive as motorcar industry’s demand is declining at a fast rate. It expects more announcements of zinc project closures towards the end of the year.
VM group was quotes as saying:
The ‘bloodshed’ in the global motorcar industry may well get much worse before picking up sometime in 2009. This could not come at worse time for zinc.
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