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08:36
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Originally posted by BobbyKennedy:
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The 10% move in zinc translates to a much higher % move in margins for NCZ. Yes it’s well off it’s highs and so is the NCZ SP. See the correlation between these compounding effects?
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don't forget TC moves, that news over the last month or two out of china is more meaningful than the headline price moving up 10%, margin expansion within the cost structure instead of revenue line
