Zinc, uranium top picks

Uranium and zinc remain Scotiabank's top commodity picks for investors this year, which may benefit zinc producers such as Teck Cominco Ltd. and the world's top uranium producer, Saskatoon-based Cameco Corp.

“The global shortage of zinc concentrates may not be alleviated until 2008 (at the earliest),” Scotia Economics vice president Patricia Mohr said in the bank's commodity report. By then, mines may be ramped up in Peru and Bolivia, and new mines started in Uzbekistan, Australia, and Indonesia.

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