Long-term production growth outstripping low demand growth will pressure zinc prices to lower.

Shares in Western Copper and Gold declined Tuesday despite a rally in copper prices and the release of a positive PEA for its $3.3 billion Yukon project.

While prices of industrial metals have rocketed as the world moves away from fossil fuels, future price rises are likely to be limited to a select few energy transition ingredients.

It would auction 20,000 tonnes of copper, 30,000 tonnes of zinc and 50,000 tonnes of aluminium.

Copper has hit an indecisive patch and it’s not surprising that funds have gone to play in other markets.

Aluminum has overtaken copper as the second-best performer on the London Metal Exchange this year.

Lundin Mining and Hudbay Minerals as well as South32 are likely to show an interest, a source told Reuters.

Eurobattery Minerals and FinnCobalt said total resource tonnage has doubled and contained metal tonnes increased some 50%.