as has been mentioned and proven time and time again, LME stockpile levels have almost no correlation (positive nor negative) with Zn prices.
Here's the problem I see. One year ago, stock levels were 160k tons and now are 60k tons. That's a reduction of 100k tons in one year! They can NOT go down another 100k tons next year as there is only 60k tons left! There is a shortage about to happen!
And on on top of that ncz have a concentrate high in silica and lead so TCs are going to remain higher for longer for Century. In any case let’s see what the quarterly CF report brings.
Ann: CENTURY OPERATIONS AGAIN DELIVER RECORD METAL PRODUCTION, page-134
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