The supply price of mineral products has increased exponentially

World copper and zinc market will continue to oversupply this year

The latest monthly report of the International Lead and Zinc Research Group (ILZSG) shows that in the first five months of this year, the global use of refined zinc was 4.992 million tons. It is expected that the global zinc market will have a surplus of 209,000 tons this year. In the same period of 2009, the global use of zinc was 4.114 million tons.

According to the report of the World Copper Research Group, the surplus of refined copper in the world in 2009 was 195,000 tons. It is estimated that the global copper surplus will reach 580,000 tons in 2010, and the surplus of refined copper will reach 220,000 tons in 2011. In February this year, there was a surplus of 36,000 tons of refined copper in the world.

In recent years, there has been ample supply of important mineral products in the world. Supply and demand have been basically balanced, but prices have multiplied. The main factor is that developing countries such as China and other countries with rapid demand have no say in the world resource market, and pricing power for important energy and mineral products is The monopoly is in the hands of a few mining oligarchs, and the ultimate resource industry creditors are often attributed to Wall Street’s investment speculation consortium.