Trevali Predicts Zinc Rally as New Brunswick Mine Set to Reopen
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Trevali Mining Corp. Chief Executive Officer Mark Cruise predicts zinc will extend its bull-market run as the company reopens a mine in New Brunswick to more than double output.
The Vancouver-based company, which gets about 60 percent of its revenue from the metal used in batteries and rust-proofing, is seeking to boost production to 5,000 metric tons of ore a day by 2016 from 2,000 tons a day now, Cruise said in a Nov. 21 telephone interview. A decrease in output next year from China, the world’s largest producer, would cut world supplies 10 percent while demand increases 5 percent, he said.