Investing & trading with exchange-traded funds (ETFs) and closed-end funds (CEFs). Strategies & analysis but no buy or sell recommendations.
Visit SeekingAlpha ETFs
China's Strong Demand for Zinc and Copper Good News for Teck Cominco
Posted on June 25, 2008
Teck Cominco Ltd. (TCK) and other western world producers of zinc and copper can take comfort in the latest metals trade data out of China, according to Desjardins analyst John Hughes.On Monday, the Chinese government said that the country imported net refined zinc of 13,592 tonnes in May versus net imports of 4,672 tonnes in April and an average monthly rate of 1,083 tonnes in the first four months of the year. Total net imports from January to May 2008 were 17,926 tonnes or 43,046 tonnes annualized, which compares favorably to Mr. Hughes net export forecast of 50,000 tonnes for 2008. ...
Original article link
Subscribe to SeekingAlpha ETFs