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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (1899)	6/21/1999 1:19:00 PM
From: Ray Hughes	Respond to of 8010

Stephen: True, but only a one-time demand. Its protracted war that consumes enough lead, copper and zinc to support prices. Lets hope we don't see that. I believe zinc prices will, in the long run, be positively affected by China's growth and capital shortage to serve that growth. Growth in demand for metals will cause authorities to have to allocate scarce capital to industries that produce goods needed immediately. I perceive that copper is more important than zinc to provide for electrifcation for factories, as opposed to use of zinc in galvanizing. Hence, zinc smelters may not be allocated capital whereas copper smelters are. China's zinc exports may, therefore, decline as increasing demand is placed on a limited zinc production capability. RH RH