Fair call, Its been about 6 weeks since we had a real update via...

Fair call,

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.

China’s combined imports of both materials totaled less than 0.2% of all goods sent to the United States in 2011 as well as 2016, Credit Suisse says. French investment bank Natixis says steel-related products make up 2.88% of the $288 billion U.S. trade deficit with China and that aluminum comes to 0.54%. “It’s not something that will register on any GDP growth number, so the direct impact is nonexistent there,” Diron says. “China is not really reliant on this kind of import to the United States.”


https://www.forbes.com/sites/ralphj...trumps-us-steel-tariffs-for-now/#275e9bf25a94

https://www.cnbc.com/2018/03/04/china-keeps-gdp-target-of-6-point-5-percent-this-year.html