LME inventories: up via the escalator, down via the lift
Imo the relentless grinding down of zn stockpiles (as reflected in the official data) has underpinned a sense of inevitably about long-term price trajectory. Its driven a massive influx of speculators into companies like RVR
Recent dumping is puncturing this narrative.
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- Ann: Half Yearly Report and Accounts - 31 December 2017
Ann: Half Yearly Report and Accounts - 31 December 2017, page-46
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