Although another slight rise in inventory, tin still marching forward, along other metals.
Tin at $16,400 was up $20. Still, the backwardation in cash/threes has eased to $71, having peaked at $185 earlier - See more at: http://www.fastmarkets.com/base-met...espite-stock-jump-109981#sthash.M7tgC37Z.dpuf
Being one of only a few actual producers of zinc on the ASX, with 7189 tonnes of zinc produced last quarter (about 28,000 tonnes per annum), CSD is well set to enjoy current zinc price rises, too.
Living the dream!
The sellers will disappear over the next month or so, especially if the price of the base metals continue to rise, although I'd think it might pull back slightly before going on its next major run. Then again...
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