Hmm, the Aussie is at 70.43 cents. If it continues the trend, the zinc price will fall as the US dollar gains, which will mean Citronen will be held off until things turn globally.
It's not all bad if you are an Australian producer, although it's getting to be a little low.
US zinc price is $1660.50, so it becomes: 1660.50/0.7043 = $2357 in Aussie.
The trend in LME zinc stocks may have turned with stocks now at 567600 tonnes. It did go above 600k recently.
Hopefully, the dump of stocks is over and maybe the zinc price can start to go up like it is expected. That will be a double whammy for Aussie producers, and may just save IBG.
Hmm, the Aussie is at 70.43 cents. If it continues the trend,...
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