Platts reported that Australia’s MMG Ltd. (HKEX:1208) sees zinc prices rising in the long term in part due to increased consumption. It also has a favorable long-term outlook for copper.
As quoted in the market news:
MMG said it had a positive long-term outlook for zinc, with new mine supply expected to offset resource depletion and the needs of consumption growth.
The miner sold 86,668 mt of copper in H1, up 33% year on year. But H1 zinc sales fell 7% year on year to 270,352 mt.