Good report - Their forecast for demand next year seem optimistic after the lower levels this year however that’s my view. Next year’s forecast surplus for zinc was expected at 192k. However in news out recently and not in their forecast, Antamina - one of the biggest zinc mines in the world are forecasting to produce more than 50% more zinc next year (174k additional zinc). So the surplus will likely be more than 360k (assuming demand holds up)
NCZ Price at posting:
37.5¢ Sentiment: Sell Disclosure: Not Held
