Interesting report on zinc.
Seems that the 'supply glut' narrative is a little overstated especially now that several Chinese mines have closed and supply from Russia, Argentina, Finland and India has fallen.
To my eyes, the plunging zinc price has all been predicated on this notion of too much new supply coming into the market but frankly, the data doesn't show it. In the case of zinc and zinc stocks, buy the fact: the narrative was wrong.
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