Here's a couple of interesting charts from RBC capital markets.
The first shows the link between declining inventories and price in the zinc market.
The second shows how declining treatment charges at the Zinc smelters is a leading indicator of a price spike. Look at 2005 in this chart.
The full article you can find here:
https://smallcappower.com/expert-articles/investors-thinking-zinc-investing-280217/
Cheers,
Tim.
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