CAPITAL MARKETS

CIBC: Australian zinc stocks oversold

BROKER CIBC World Markets believes Pasminco and Western Metals have been oversold on the back of a poor zinc market.

James Hamilton

The zinc market has been in decline for the past six months with the current spot price of US41c per pound being the lowest in two-and-a-half years. CIBC analyst Siang Wee Quek said the reasons for the...

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