Increased Zinc Use Leads To Increased Profits
One metal that is showing a definite potential for a long lasting strong market is zinc. It is a rapidly growing area and it should be watched in the immediate future as production is expected to greatly be increased on account of demand.
Zinc is a readily available element that has been used for centuries. Its value in metallurgy has been traced back as early as 1300 BC, where it is known to have been mined and was used to make brass. Since that time, the need for this precious metal has been in great demand. Today, zinc is the fourth most common metal in use around the world, following after iron, aluminum and copper.
The need for zinc today is ever increasing as nations around the globe become more developed. It is used in many industries and ways to extract it are constantly being enhanced. Its main use, about 50%, is in the automotive industry where it provides anti-corrosion properties to keep cars from rusting. It is also used in the construction industry (about 20%) for the same purpose.
Other industries that use this element in abundance is the steel industry, where it enables iron to become stainless steel, die-casting accounts for another 15%, and other fields include rubber, cosmetics, art, batteries, and pharmaceuticals. Putting it all together - it means that the demand for zinc is high and it will continue to be. New contracts have been made, amounting to millions of dollars, just for zinc in the production of new batteries for military use.
Zinc mining is at an all time high and plans are being made in India, Africa, Australia, the United States and other places to greatly increase production - they can't get enough to keep up with the demand. New mining methods are being experimented with in Africa to be able to obtain it even faster.
The prognosticators are expecting a solid market for investments for many years down the road. China and other Asian countries are working hard to increase their supplies of zinc for their growing needs. Various funds are even getting into the hot zinc market. This definitely looks like a growing strong market for you to invest in - while there is still much growth soon to come.