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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?

To: jack hampton who wrote (127)	2/25/1999 3:02:00 PM
From: jack hampton	Respond to of 3270

And furthermore... Who bailed the base metal miners out the last time copper tanked for a decade? It was the zinc/lead mines. Well copper has tanked again due to overinvestment so its time for zinc/lead to bail them out again due ironically to chronic underinvestment. In my opinion, Noranda has their eyes on Pasminco, North and/or Agnico-Eagle. That's my opinion only. Check out CLT today? Kev, you may be thinking three months down the track, but its time to think five years down the track. The zinc industry needs to be recapitalized and this will only happen with $US0.60 zinc.

To: jack hampton who wrote (127)	2/26/1999 1:50:00 PM
From: Ray Hughes	Respond to of 3270

Jack: Excellent points. And, as I have harped upon, a fair portion of announced smelter additions have not been financed. It appears that every bit of net new smelter capacity will be required to satisfy modest zinc consumption growth. Experience shows that consumption gains can be quite robust following recessions (Asia) as pent-up demand for durables gets released. Notice that LME 3-month buyer zinc price is up by 1 US cent/lb. It will be interesting to see if we get a chart breakout above the down-trend channel. Such an even could send zinc quickly to $0.50/lb. RH