During 2017, the combination of scheduled mine closures, Glencore’s strategic cuts, and the impact of environmental inspections in China depleted global stocks of zinc concentrate. The consequent constraints on refined...Read More
At the Annual Silver Industry Dinner hosted by the Silver Institute in mid-November, Johann Wiebe, senior analyst in the GFMS team at Thomson Reuters, presented the GFMS/Silver Institute Interim Silver Market Review, which included provisional supply and demand forecasts for 2016.
By Steve Fiscor, Editor-in-Chief
At the beginning of 2016, metals markets were searching for direction as far as prices. Many miners who were completing optimization programs in 2015 as margins were dwindling were hoping the direction would be up and their prayers were answered in 2016. While knocking on wood, E&MJ can report, as of press time, the mining industry has noted a positive change in prices with cautious optimism, wondering if it’s a flash in the pan or a truly strengthening market fundamental.