World zinc mine output is expected to accelerate well ahead of demand for the second half of this year, tipping the balance in the market, an executive at physical merchant Concord Resources said.
Duncan Hobbs told the International Zinc Association (IZA) conference in Carlsbad, in the US state of California, that there were very different trends in world zinc mine output in the mid-2000s versus the last two years, although price activity was similar. "The key change in the market is [that it] looks highly likely zinc mine output will accelerate at ahead of the rate of growth of demand and tip the balance into surplus," he added. But China as well as the broader macro environment remain a wild card, he said. "There are risks - on the supply side, China's zinc mine output added only...