I don't think anything has changed from what the respected analyst (Wood Mac CRU) have been saying.
Both the concentrate and refined markets are currently in surplus however once Century, Lisheen, Kassandra, Angus, Mt Garnet, Duck Grove, Golden Pond, Scorpion, Myra Falls, Mae Sod, El Toqui, Mahr Tunnel, Raura, and Pomorzany cease production by the end of 2016 then the concentrate market will be in critical deficit which will inturn deplete any refined surplus.
The POZ is probably running a little ahead of current fundamentals However and as predicted will change going forward from Q4 2015 and into 2016.
I'm interested to know what JD can announce to the market other than what has already been released, please enlighten me.
Have we been conned?, page-3
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