No that might not be manipulation.
We will imagine for a bit that Zinc was still in a strong upward trend.
If the Chinese built a stockpile a said right, where gonna sell and keep the price bellow $2.
If the underlying cycles driving the Zinc price where still positive and not ready to turn then the chinese could sell all they want.
All that would happen is it would rather instantly bring more speculators and investors into the market, soak up the supply and ownwards and upwards.
See Copper on Thursday night last week? That was a perfect example. In the last minutes of trade a hedge fund with influence, made it their goal to FORCE copper lower.
What happened a few TRADING minutes later? The market corrected itself, buyers stepped in and put the whole show back to where it started.
That is why it is not possible for the chinese to:
"They(Chinese) said it was their intention to increase stockpiles to a level where they have influence over the world price and it seems they are in the process of doing so."
chinese zinc analyst comments, page-15
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