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Ann: Earaheedy Zn-Pb-Ag-Mn Project - Exploration Update, page-438

  1. Spec_hope
    9,018 Posts.
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    26/06/22
    20:15
    Post #: 62214522




    https://hotcopper.com.au/data/attachments/4460/4460203-97a3dd7913a743772defd05b02bba687.jpg
    The current state of play at the LME.

    The tightness across base metal markets is exemplified by the plunging stockpiles of zinc, with inventories on the London Metal Exchange slumping to their lowest level in at least 25 years.

    Oil prices are tumbling on a world of recession talk.

    RELATED

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    Lake Resources plunge exposes concerns about ASX 200 index

    The premium for spot zinc over three-month futures has spiked to its widest level since 1997, a condition known as backwardation which is traditionally an indicator of a supply squeeze.

    Will the stars finally align for RTR? I hope so.

    Cheers

    RTR Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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