Zinc Is Going Up!
Moderator: Jim Walsh
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Bob Owens
- Posts: 150
- Joined: Dec 3rd, '05, 23:09
- Location: CD 27 (1977) "ABIGAIL"
City Island, New York
Zinc Is Going Up!
I notice in various financial media reports that a world-wide demand for zinc may soon approach a supply-demand imbalance that will make zinc prices go up vary dramatically. Those of us who have to buy a large zinc anode each year for prop shaft, etc., might do well to get stock up this season on two or three. I noticed already this spring my P3 prop shaft zinc had soared to almost $15. FWIW
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Bob DuPont
- Posts: 16
- Joined: Mar 5th, '06, 18:17
- Location: Cape Dory 27
Pelican
Hull 182
Miami, Florida
Hate to tell you, guys, but zinc prices have already gone up. A year-and-a-half to two years ago the price of zinc on the London Metal Exchange was in the 35-cent a pound range. Today (5-31-06) it was at $1.76 a pound.
It's a simple case of supply and demand. China and India have joined Japan, the United States and the EU as major users of zinc for castings, alloys, and galvanizing. Several smelters and mines have closed around the world. Hence, prices have gone up and will continue going up.
And the same thing has been happening with aluminum, copper, nickel, tin -- you name it.
I guess it's a good thing we only use zinc in small amounts as cathodic protection
It's a simple case of supply and demand. China and India have joined Japan, the United States and the EU as major users of zinc for castings, alloys, and galvanizing. Several smelters and mines have closed around the world. Hence, prices have gone up and will continue going up.
And the same thing has been happening with aluminum, copper, nickel, tin -- you name it.
I guess it's a good thing we only use zinc in small amounts as cathodic protection
Bob D
Cape Dory 27
Hull 182
"Pelican"
Cape Dory 27
Hull 182
"Pelican"