you said NCZ doesn’t have a guaranteed smelter to provide to. I...

you said NCZ doesn’t have a guaranteed smelter to provide to. I guarantee the second largest zinc smelting company in the world has no problem taking their con.

If you think zinc is a well supplied market because there’s 160kt between LME and SHFE then you are dreaming. This is at 10 year lows and around 6 days of supply. Evan Macquarie bank was saying they were surprised at how there was a lack of stocks in China in what they said was typically a slow use period in June/ July with the higher use periods coming up in Sept-Nov.

You wouldn’t want any supply shocks in the system to come. Look at what has happened to nickel in a very short period of time.