Given LME stocks have dropped to near 400k and continue to fall even on weak demand, what is the obvious future direction of the zinc price?
Add several mine closures that will take further supply away from the market, one would think the price should rally hard. The current lack of funds available to build infrastructure adds to the excitement.
Zinc ore is plentiful yet funding has been lacking for over 5 years, so development and production has fallen.
It should be an interesting couple of years until a reversal takes place.
;-)
Given LME stocks have dropped to near 400k and continue to fall...
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