Zinc - The Metal for 2007

[imajica]

Hey all,
a new zinc thread for a new year.

I'll start off by posting today's zinc price - it looks as if it has turned and is heading North again

 

[BREND]

Yippie! I believe zinc is still an undervalued metal.

As I mentioned earlier, demand of zinc in China has picked up. And now some funds believe that base metal demand will rise after Chinese New Year, so they bought up metal futures before the Chinese holidays. This is why base metals across the board are up lately.

But I believe aluminum price has overrun its fundamental, provides a good opportunity to short this metal:
http://basemetal-trading.blogspot.com/2007/02/short-aluminum-at-2836.html

 

[michael_selway]

Yippie! I believe zinc is still an undervalued metal.

As I mentioned earlier, demand of zinc in China has picked up. And now some funds believe that base metal demand will rise after Chinese New Year, so they bought up metal futures before the Chinese holidays. This is why base metals across the board are up lately.

But I believe aluminum price has overrun its fundamental, provides a good opportunity to short this metal:
http://basemetal-trading.blogspot.com/2007/02/short-aluminum-at-2836.html

Hi thanks

btw were u bullish on Aluminum recently? or am i wrong?

thx

MS

 

[imajica]

zinc up again - the upward trend continues

 

[BREND]

Hi thanks

btw were u bullish on Aluminum recently? or am i wrong?

thx

MS

No aluminum looks good to short now, with a stop loss level at $2900.
Aluminum and copper are the weakest among the base metal in my view.

My favourites are still lead and tin. Look at where they are today.

 

[imajica]

zinc pushing ever higher - looks like another bull run

 

[BREND]

Hi thanks

btw were u bullish on Aluminum recently? or am i wrong?

thx

MS

I think you have mixed up on my views. I suddenly remember I did say aluminum is my 3rd favourite metal, and this is correct because this metal has risen for the past months. But I think it has reached the peak already.

 

[rwkni1]

Aluminium prices have been tracking between $1.20 and $1.30/lb for the past 3 months. What sort of upside were you expecting?

 

[BREND]

Aluminium prices have been tracking between $1.20 and $1.30/lb for the past 3 months. What sort of upside were you expecting?

Aluminum price should go down now.
http://basemetal-trading.blogspot.com/2007/02/review-on-my-aluminum-trade.html

 

[michael_selway]

I think you have mixed up on my views. I suddenly remember I did say aluminum is my 3rd favourite metal, and this is correct because this metal has risen for the past months. But I think it has reached the peak already.

ic, so you were onyl ST bullish on aluminium

thx

MS

 

[Wysiwyg]

I have this on going problem...what I want and what is are always different.

 

[BREND]

China will draw out a lot of zinc inventory from LME warehouse soon. :

 

[michael_selway]

China will draw out a lot of zinc inventory from LME warehouse soon. :

how many tonnes in what exact time frame?

thx

mS

 

[BREND]

how many tonnes in what exact time frame?

thx

mS

I suspect there are more than 10,000mt of zinc waiting to be drawn out by China merchants. May not be drawn in one time, can be in batches.

But the owner of the inventory can change their mind. Time period should be within 1 month, reason for the length is due to 2 weeks Chinese New Year holiday in China.

 

[brerwallabi]

Chinese trdaers dumped 39,000 tons of zinc on the market in December as they wanted to make the most of the high prices at that time and make the most of the last few weeks of the year before the government introduced a 5% tax on the export of zinc of lower grade - effective January 1st.
Chinese smelters are on the increase and demand is still expected to grow this year, when the Chinese NEW YEAR is over expect LME stocks to further decline and Australian zinc stocks to appreciate.

When are new major mines coming onstream to meet the demand - looks like mid 2008 before supply exceeds demand.

Zinc still the metal of the year as far as gains for Australian miners.
ZFX, PEM, CBH, KZL all set for even more gains.

 

[MiningGuru]

Zinc up a lot over the weekend and today.

I expect this to continue and a further strong recovery of Zinc stocks, ZFX, KZL and others.

 

[BREND]

Zinc up a lot over the weekend and today.

I expect this to continue and a further strong recovery of Zinc stocks, ZFX, KZL and others.

Zinc inventory down 1125mt today. I believe more upside for zinc, still holding on to my ZFX.

 

[Kauri]

Has anyone heard about this mob? Why aren't they listing here??

The Express... 26 Feb 07

An Australian zinc miner with world class ambitions is gearing up for production by floating on Aim next month.

Zeehan Zinc, which has interests in western Tasmania, owns exploration licences and mining leases in areas next to regions proven to be rich in natural resources.

It bought the licences when commodity prices were cheap in the late 1990s and early 2000s.

Zeehan, advised by Libertas, is looking to raise GBP9.5million from the March 6 listing.

Investors include specialist investment group RAB Capital which is not selling in the float.

Chief executive John Pollard says one mine, Comstock, is to come into production within eight weeks of listing.

Starting with 200,000 tons annually, moving up to 800,000 in each of the next two years, it will have a mine life of more than five years with reserves of 4.7million tons.

It will cost $0.61 to mine each pound of zinc.

Pollard is confident of finding more metals in the ground. The group also has two exploration projects being developed.

We could be a worldclass mining group, he predicted.

There is mining and processing equipment on-site and the state government of Tasmania has already built a road.

Pollard added: We are confident of increasing our resource base through further exploration activity, which will provide investors with potentially very attractive upside in the future.

 

[Freeballinginawetsuit]

To mine that quick.......sounds like rehashing an old mine, add to that some fresh exploration leases... and there's your new AIM listing LOL .

The Comstock location rings a bell?.

 

[Magdoran]

Current Zinc chart...