Saturday read
LME Zi stock level of 900,000 broken down in Friday 21st Dec, a rare 5000+ drop in many years. Zi stock is now sitting at 894,825 (down 27% since Oct 13). That's 27% down in 3 months, that's after zinc stock coming in & going out average. If this is going down the way it is LME supply will be non existence by Sept-Oct 2014. Don't think many brokers know the severity of Zi depletion, they just know Zi level is predicted to go down.
As a result Zinc price went up to $0.9218 / Lb overnight.
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