Its been about 6 weeks since we had a real update via the quarterly and I certainly didn't expect RVR to shut the plant down and class that as part of their "regular update" strategy.
I find it amazing that 70kt just arrives at the LME. So now the LME Zn stock piles are back to Oct levels however I have noticed the SFX Zn pile adding a little too. I did say I would report back that Last week was going to be a huge draw down and it was .
last time the LME was 207t the Zn price was $3170 AUD was .752c = $4215
Vs now $3300 AUD $.778 =$4241
It's all relative however RVR is make good money !
I will leave you with this to ponder ..
China will expand its economy by 6.5% this year and exports to the USA are not that big a deal.