There is one commodity that everyone is talking about at Diggers

James Marlay

Livewire Markets

There is one commodity that everyone is talking about at Diggers. The line up of presenters yesterday was dominated by gold stories from both producers and presenters. However, in a brief postcard from Kalgoorlie UBS analysts say that, most discussions we had with both investors and corporates today ended up focusing on zinc. The interest is being driven by a supply squeeze approaching in 2015 as a number of mines are forecast to close due to resource depletion. It is not just a local theme, with a recent report showing zinc has the highest share of money managers' bets on rising prices among the six main industrial metals traded on the London Metal Exchange. Exposures on the ASX include Independence Group (IGO) which has existing operations and then at the smaller end of town Minotaur (MEP), Rox Resources (RXL) and Aurelia (AMI) all have aspirations.

James Marlay
Co Founder
Livewire Markets

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