Actually it is copper that is the only base metal that is currently trading on supply demand fundamentals. The correlation between stockpiles and price is excellent for copper. For the rest it varies between just okay and virtually zip other than a general observation that stockpiles are 20% of what they were and prices are higher.
Interesting Michelmore (new OXR CEO) mentioned in an interview that the merged company would look to non LME metals for acquisitions, not exclusively I should ad, due to what he perceived to be manipulation on the LME.
Actually it is copper that is the only base metal that is...
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Last
$2,575.9 |
Change
0.000(0.08%) |
Mkt cap ! n/a | |||
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| ZINC (LME) Chart |
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