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1.Market Observations, 8.Was Sticky

5 Jan 2017 (AFR) – Zinc the unsung hero of the 2016 commodities rally

(5 January 2017, AFR, p16, by Jessica Sier)

‘Underneath the blistering outperformance of iron ore and coking coal during 2016, some lesser-known commodities staged some handsome price rises, thanks to an underlying recovery in oil and iron ore which coincided with a pullback in business investment. Zinc was one of the best performers, surging 75 per cent year-on-year thanks to tightening supply, while uranium was one of the few base metals to close the year lower than where it started. Agricultural commodities, such as…’

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