Lead and zinc miss out on the supercycle party: Andy Home
A rising tide lifts all boats but some are heavier than others.
Industrial metals are glowing white hot in a fusion of post-pandemic manufacturing recovery and an emerging narrative of a commodities supercycle.
Copper has hit all-time highs above $10,000 per tonne, with London Metal Exchange (LME) three-month metal last trading at $10,350. Tin hit a 10-year high on Thursday and aluminium is charging up towards its 2018 peak of $2,718, last trading at $2,530 per tonne.
But not every metal is on a supercycle surge.
Lead and zinc have been lifted by the broader metallic rally but seem reluctant participants. While the copper price has more than doubled from its COVID-19 low point in March 2020, zinc has appreciated by a more modest 58% and lead by just 30%.
21 hours UN Chief Urges Banks to Halt Fossil Fuel Infrastructure Financing 22 hours New Mexico Proposes Tougher Emission Rules For Oil & Gas 24 hours Grid Operator Unwittingly Shut Down Natural Gas During Texas Freeze 24 hours China’s Natural Gas Imports Surge As Economy Recovers 1 day India Ramps Up Oil Imports From Saudi Arabia After Price Cut 2 days ERCOT Expects Record Power Demand In Texas This Summer 2 days U.S. Energy Production Saw Steepest Drop On Record In 2020 2 days U.S. And Iran Make Progress On Nuclear Deal Talks 2 days Norway s Oil Industry Averts Strike With New Wage Deal 2 days Higher Oil Prices Spur Brazil To Sell More Assets
Home: Lead and zinc miss out on the supercycle party
Flotation recovery cells processing material from Trevali Mining’s Santander zinc mine. Credit: Trevali Mining
(The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.)
A rising tide lifts all boats but some are heavier than others.
Sign Up for the Australasia Digest
Sign Up
Industrial metals are glowing white hot in a fusion of post-pandemic manufacturing recovery and an emerging narrative of a commodities supercycle.
Copper has hit all-time highs above $10,000 per tonne, with London Metal Exchange (LME) three-month metal last trading at $10,350. Tin hit a 10-year high on Thursday and aluminum is charging up towards its 2018 peak of $2,718, last trading at $2,530 per tonne.
Column: Lead and zinc miss out on the supercycle party - Andy Home reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.