LME inventories falling, demand for zinc rising, a few big end of life mine closures and the perfect storm is brewing. The biggest ASX junior zinc play is up over 20% in two days and market cap still way below the level Glencore paid for their 10%.
Zinc looks like climbing above $1US very soon and once it heads north from there, serious sparks will fly IMO.
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Last
$2,575.9 |
Change
0.000(0.08%) |
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| Open | High | Low |
| $2,575.9 | $0.00 | $0.00 |