Darling at SEFA: Zinc Prices to Remain High
Darling at SEFA: Zinc Prices to Remain High
Jason Sandefur
The world market cost of zinc per pound on the London Metals Exchange jumped 20% from March and is now 527% of the 2002 price, Bruce Darling told the Southeastern Fastener Association conference. After dropping 22% earlier in 2007, as of May 11 zinc is back up close to last fall’s price
“Zinc ore deposits are widely spread throughout the world,” Darling pointed out at the May 22, 2007, SEFA conference in conjunction with the National Industrial Fastener Show/East. “Most zinc ore is extracted from China, Australia, Peru, Europe and Canada in order of tonnages produced.”
In two years the world’s zinc stock has dropped from 700,000 metric tons to 90,000 metric tons at the end of 2006. By May 14th the inventory stood at 86,000 and it will “not soon return to 700,000 metric tons,” Darling predicted. Web:thesefa.com E-mail: bruced@porteousfastener.com �2007 FastenerNews.com
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