BASE METALS
High commodity prices in 2018 are expected to sustain robust margins for zinc and lead miners this year, as supplies of both metals remain constrained.
According to market research and consultancy firm CRU International, following on from record zinc deficits in 2017 in the range of 650 000 t of refined metal, the industrial metal is expected to remain in sizeable deficit during the first half of 2018, constraining smelter utilisation rates. The zinc price is forecast to peak in 2018, before the cycle turns, research manager Ryan Cochrane told attendees at a mining conference in Vancouver this week.
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