Agree kissie - the non LME have always been around and there are various commentaries on whether they are increasing or decreasing in stocks. Reason LME matters is because it is so measurable, is the largest holding by a long shot and has been going down for two years from 1,200 tonnes to around 450,000 today.
We might be being played by Glencore, Nyrstar, MMG when they predict the looming shortage but doubt it, since they've been buying up projects and we know MMG is looking to replace Century asap. We also hear the Chinese are not enthusiastic about increasing their zinc production and have imposed environmental regulations that will hinder developments, see http://www.metal.com/newscontent/70...rom-environmental-protection-drive-smm-survey.
None of the commodity markets provide comprehensive reliable data, there are always complications however zinc with LME tracking and readily quantifiable mines, outputs is one of the cleanest in my view. Beats the crap out of say gold, uranium, coal and iron ore for example.
All coming together nicely with these little bumps along the way![]()
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