au contraire.
the metal funds rebalance in january and they sell their winners and buy the losers. Guess what is at the top of their list? ZINC!!!!
ZInc is the only metal that the stock piles are lower today than they were 1 year ago. $1/lb will not see alot of expected supply come on to the market. Grades are getting lower and lower and therefore require higher prices to make them economic otherwise they wont be mined.
The future (longer term) is very bright for zinc...in fact it may have bottomed at the moment but only time will tell.
cheers
andrewe
ZFX
zinifex limited
