NCZ has long term offtakes with 2 smelters including one group who bought 80% of the offtake from the old century mine.
Zinc prices are not behaving on fundamentals but on future expectations. Stockpiles are at 6 days so you want these stockpiles to be increasing rapidly to sustain a fall in the zinc price.
NCZ Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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