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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: koan who wrote (30746)1/25/2007 9:21:17 AM
From: siempre33  Read Replies (1) of 78428
 
There was a discussion going on yesterday with regards to zinc inventories. I remember reading a blog post a couple weeks back discussing a CIBC report regarding base metals and zinc stocks in particular. The projections were as follows:

Zinc (000's tonnes)
2005: (538)
2006E: (355)
2007E: (275)
2008E: (96)
2009E: 47
2010E: (380)

Here's an excerpt:

"
Canadian investment banking firm CIBC World Markets published a report yesterday titled "Base Metal Equities Correct -- Correction Setting up Buying Opportunity." CIBC views the current selloff in base metals mining stocks as a buying opportunity for the long term, particularly for zinc stocks. A table from this report shows why we’re so bullish on zinc miners longer term and why CIBC says, "our preferred equity exposure remains focused on zinc related names":

With LME Zinc inventories at just 90,000 tonnes at the start of 2007, we don't see how the zinc market can handle a supply deficit of over 700,000 tonnes over the next 4 years. We believe zinc prices will have to move up significantly in order to curb demand so above ground zinc doesn't run out completely. Since zinc is such a minor part of end products and thus is very price insensitive, zinc prices will likely have to go far higher than any analysts project to curb demand enough.
"

This was originally posted by GreatTrades (http://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=332&postID=8479))
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