Commodities Comment-Zinc: A market of many miners

Feature article.

    The last 18 months have seen two steep zinc price rallies, with a keycontributing factor on both occasions having been the familiar narrative of theforthcoming raw materials market deficit, following the closures of Centuryand Lisheen. While we consider both to have been premature, we do seestrong upside for zinc from the end of 2015 on the back of the closures, and acommon question we are asked (from the equities standpoint) is