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ZINIFEX SAYS OUTLOOK POSITIVE FOR ZINC PRICES.

AsiaPulse News

| October 26, 2006 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Oct 26 Asia Pulse - Zinifex Ltd (ASX:ZFX) says tight supply and continuing strong demand suggest a very positive outlook for zinc prices for the rest of this financial year.

The zinc and lead miner said the zinc price continued to be supported by strong market fundamentals.

"Prices are being supported by continued strong global demand for zinc, particularly from China, and a well-documented shortage of zinc mine capacity," chief executive Greig Gailey said in the company's quarterly review.

"In combination, tight supply and continuing strong demand suggest a very positive outlook for zinc prices for the rest of the financial year."

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Source: HighBeam Research, ZINIFEX SAYS OUTLOOK POSITIVE FOR ZINC PRICES.

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