Demand has been … generally … defying the bears.”
“…looking out a few years we believe that a series of mine closures should lead to shortages of zinc mining capacity and, by mid-decade, as smelters/refineries struggle to find enough feedstock, an absolute shortage of zinc metal. Teck Resources is of the same view.”
“We conclude that:
(a) Despite all the economic worries we hear, the consumption of zinc, both by the Western world and by China, is continuing to grow;
(b) Looking out a few years, zinc has a bright future, more so for miners than for smelters of zinc.”
The Note goes on to suggest how investors can play the imminent shortage of zinc and names Canada Zinc Metals as one of a few alternatives for the development of zinc resources.
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About Canada Zinc Metals Corp. (TSX.V : CZX ; Frankfurt: A0RAQJ )
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.
Canada Zinc Metals owns a total of 77,855 hectares in 235 mineral claims which extend northwestward from the Akie property for a distance of 140 km.
The Company has outlined a NI 43-101 compliant mineral resource at its flagship Akie property, including an indicated resource of 12.7 million tonnes grading 8.4% zinc, 1.7% lead and 13.7 g/t silver (at a 5% zinc cut-off grade) and an inferred resource of 16.3 million tonnes grading 7.4% zinc, 1.3% lead and 11.6 g/t silver (at a 5% zinc cut-off grade). Using this estimate, the deposit contains 2.35 billion pounds of zinc, 471.8 million pounds of lead and 5.6 million ounces of silver in the indicated category, and 2.65 billion pounds of zinc, 482.2 million pounds of lead and 6.1 million ounces of silver in the inferred category (at 5% zinc cut-off).
The deposit remains open in all directions. Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company.
