A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Metal prices on the London Metal Exchange (LME) generally trended higher during 2016, although for some commodities such as aluminum there was a significant level of fluctuation within the overall upward movement. Zinc, however, kept the momentum going, at least for most of the year, with the three-month price in November reaching levels not seen since the beginning of 2010. Lead followed suit to some extent, although its November maximum still fell short of top prices seen over the past six years. The reason for zinc having been the top performer on the LME in 2016 was fairly straightforward to see: mine supply was down year-on-year and with usage higher, smelters ended up having to pay more for their feed. Data from the International Lead and Zinc Study Group (ILZSG), covering the first 10 months of the year, showed that mine supply between January and October 2016 was 10.887 million metric tons (mt), compared to 11.092 million mt in the corresponding period of 2015.
Metal prices on the London Metal Exchange (LME) generally trended higher during 2016, although for some commodities such as aluminum there was a significant level of fluctuation within the overall upward movement. Zinc, however, kept the momentum going, at least for most of the year, with the three-month price in November reaching levels not seen since the beginning of 2010. Lead followed suit to some extent, although its November maximum still fell short of top prices seen over the past six years. The reason for zinc having been the top performer on the LME in 2016 was fairly straightforward to see: mine supply was down year-on-year and with usage higher, smelters ended up having to pay more for their feed. Data from the International Lead and Zinc Study Group (ILZSG), covering the first 10 months of the year, showed that mine supply between January and October 2016 was 10.887 million metric tons (mt), compared to 11.092 million mt in the corresponding period of 2015.
Capacity cuts to boost lead and zinc?
Walker, Simon (author)
2017
Article (Journal)
English
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