Scotiabank economist Patricia Mohr is particularly bullish on zinc and nickel

Scotiabank economist Patricia Mohr is particularly bullish on zinc and nickel. A handful of zinc mines around the world are being depleted, leading to mine closures or imminent closures. Moreover, Scotiabank predicts an increasing demand for zinc in galvanized steel used by automakers in China. Zinc, which sold for US$2 per pound in 2007, dropped as low as US$0.50 per pound in 2009. The price has rebounded since then, hitting US$0.96 per pound on December 17, 2014, and Mohr is predicting it will rise to between US$1.60 and US$1.70 per pound in 2016 and 2017. (via Canaccord Sales note and Business Vancouver) (VIEW LINK)


3 topics

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.