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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 (166)	4/8/1999 12:55:00 PM
From: jack hampton	Read Replies (1) \| Respond to of 3270

Well this is my last post. Got too much else on my plate. The concentrate market will be in mild deficit until year end when Century and Lisheen cause a temporary oversupply. This will trick everyone into thinking that the fundamentals have deteriorated. The oversupply is temporary due to the multiple mine closures slated for 2000-2002 timeframe. Closures 2000-2002 Hellyer- 130,000T Mt. Isa- 150,000T Selbaie- 50,000T Sullivan- 90,000T Polaris- 125,000T Woodcutter- 50,000T Black Mountain/Pering- 50,000T Heath Steele- 50,000T Multiple mine closures in 2003-2005 timeframe also. Production but backs coming (99-2001) due to dwindling reserves at: Broken Hill- 50,000T, (dead in 8 years). Brunswick- 50,000T, (dead in 8 years,wrote off 30% of reserves recently). Kidd Creek- 20,000T, (dead in 8 years) Nanisivik- 10,00T, (dead in 5 years) New Production: Century- 400,000T Lisheen- 135,000T La Ronde- 40,000T Antamina- 150,000T Franciso Madera- 70,000T Fisher- 100,000T Mine supply will be up 2.5% this year and 6% in 2000. However it then drops 2.6 and 3.7% in 2001 and 2002. Smelters are still producing slightly above demand so LME will stagnate at current levels for some time. Any news however, will only be good news. The concentrate market heads into severe deficit in 2001 which is what Brook Hunt has been saying also providing modest increases in demand of 0.5,1.5,1.5,2,2% per year from 99 to 2003. And as I've predicted for some time the ex-commies have shot their wad.... Hong Kong--Apr 8--China's largest zinc producer Huludao North-East Nonferrous Metals Group Co. shut its 130,000 tonne-per-year capacity zinc smelter late last week due to insufficient zinc concentrate, sources said. The company's other 200,000-tonne-per-year capacity smelter is believed to be running below capacity, also due to insufficient zinc concentrates supply. Huludao operates 2 smelters on adjacent sites with a combined capacity of 330,000 tonnes per year, although production is thought to have been around 280,000-300,000 tonnes in recent years. By Polly Yam, Bridge News, Story