"With demand looking fairly strong, especially in China, you
want to focus on the markets with limited new supply growth
like cobalt, copper and zinc," Glasenberg said at a media
briefing following Glencore’s half-year results.
"Cobalt is very tight and, if you look at copper, there are no
new big mines expected in the next few years – only
Katanga, Escondida and Cohalluasi but that’s it.
And you have other production in decline, like Codelco, which
may lose 100,000 tonnes or so. Zinc...