Looking at LME zinc inventory levels, we will break below 300,000 tonnes in a few weeks.
Global zinc demand is ~14.3 million tonnes per annum. 2% is 286,000 tonnes.
2% of 365 days is essentially ONE WEEK.
Now I know there are adjustments to that, namely: 1) zinc stored elsewhere (negative for our case) 2) financial instruments on LME (positive for our case).
But if you were a Zinc smelter, wouldn't you start to get a little nervous? The proof is that treatment charges are now close to record lows. Yeah, they see the fundamentals first hand and this is what you call a reaction.
Frankly, it's BS what is said here...
A) the zinc is in the ground and its huge B) we have the permit C) we need the zinc price to break out - which I'm expecting
The money has ALWAYS followed. This time won't be any different.
- Forums
- ASX - By Stock
- IBG
- The key to IBG is the Zinc price, not what you are thinking..
The key to IBG is the Zinc price, not what you are thinking..
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IBG (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.375M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $4.833K | 1.208M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2117531 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5429982 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1617531 | 0.004 |
18 | 8061559 | 0.003 |
9 | 4868868 | 0.002 |
3 | 3800000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5429982 | 9 |
0.006 | 5144110 | 4 |
0.007 | 1101257 | 5 |
0.008 | 606448 | 3 |
0.009 | 100000 | 1 |
Last trade - 15.05pm 21/06/2024 (20 minute delay) ? |
Featured News
IBG (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online