Yes as the smelters work through the zinc concentrates there...

Originally posted by Len

There is another way to look at stored Zinc. China closed smelters last year to refurbish them to pollute less. This created a surplus of Zinc Concentrate and depleted Zinc warehouse levels. Now the new Chinese smelters are going flat out to get back to normal. Surplus Zinc Concentrate won't last long.

Yes as the smelters work through the zinc concentrates there will be more metal available and put pressure on the price.

I called a possible technical rally of zinc 1-2 months ago so none of this is particularly surprising.

https://hotcopper.com.au/posts/39955416/single

Enjoy the short term prices however in a 1-2 months it should return to closer to $1/lb.