Here’s how much zinc inventories have fallen this year and what that means for prices.
LME zinc stocks are falling, and that has zinc market watchers thinking once again that it could be time for the base metal to shine.
The zinc price has not fared well in 2015, but experts remain confident in the metal’s fundamentals.
The company is looking at suspensions that could take 400,000 tonnes of zinc concentrate off the market.
In the past, market watchers have reacted to that situation with concern. Here’s why.
Reuters’ Andy Home reported that on the London Metal Exchange (LME) the zinc price has risen from less than $2,000 per tonne in mid-March to over $2,400 last week.