Dexter,
with Chile and China you have a large producer and a large end user with alternate warehouses near the end user.
Smaller markets metals such as nickel and tin don't fall into the equation as the volumes are minute.
Alternate metals such as iron, tungsten, moly are contract specific and not available through LME warehouses in reality.
Zinc sources are reasonably diverse as are the smelters so there maybe some argument for delivery out of Peru/Bolivia but the volumes are not as transparent as copper IMO.
Ali? NFI.
Cheers,TAS
stockpiles down, page-7
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