The International Lead Zinc Study Group (ILZSG) reported that, over the four months to April, zinc metal usage was 7.5% higher than over the corresponding...
John Robertson
PortfolioDirect
The International Lead Zinc Study Group (ILZSG) reported that, over the four months to April, zinc metal usage was 7.5% higher than over the corresponding period a year earlier. The International Copper Study Group (ICSG) estimated that refined copper usage over the first three months of 2014 was 14.1% higher than a year earlier. According to the ILZSG, mine output in the first four months of 2014 increased by only 17,000 tonnes in a 13 million tonne annual market. Metal production increased by 4.1% but was 107,000 tonnes less than estimated usage. The ICSG data suggest something similar. Usage was nearly 200,000 tonnes higher than metal production whereas, in 2013, production was 200,000 tonnes higher than usage. These numbers will undergo revisions and it would be unwise to place a heavy reliance on them but they offer some greater confidence about the sector trajectory.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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