Saw these charts on a post in SFR thread. Zinc prices have surged since the start of January and stockpiles have fallen hugely in same time. I read prices are at 12 year highs. Why hasn’t NCZ SP responded upwards by large amounts?
whilst Zn stockpiles on the LME have dropped by ~40% in just 2 weeks, and remain at >5 year lows.
March quarter predictions, page-48
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