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RVR red river resources limited

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What is going on!!!, page-9

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redsceptre

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11/07/18

14:21

Post #: 34277625
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Originally posted by Plext ↑

Zinc prices have fallen to their lowest in more than a year as expectations of rising supplies and a narrowing deficit sparked a sell-off that accelerated after prices fell below key technical support levels.

"International Lead and Zinc Study Group (ILZSG) said some 880,000 tonnes of additional zinc mine capacity was due to come on stream this year."

https://finance.nine.com.au/2018/07/11/08/55/zinc-hits-one-year-low-on-supply-concern

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woodmac reiterated their price forecast in June, fully know the planned capacity coming online, reckon this is just trading action on the zinc price

RVR Price at posting: 22.8¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

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What is going on!!!, page-9

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