Few random things for a Friday1. Chinese supply could be going up because they are buying up LME stocks (along with everything else not bolted down in the world).
2. The following expert predicts chinese mine supply will be going down (consistent with other news we have gotten recently-stoppages because of shoppy mining practices and environmental concerns).
https://secure.kaiserresearch.com/s3/KaiserBlog.asp?ReportID=776525
(I've followed this guy for years-he has studied this stuff for a long long time. He is a huge believer (as am I) in Inzinc minining and other mining companies.)
3. Lots of the zinc on the LME is in New Orleans. New Orleans got flooded several years ago--part of reason why zinc went to $2+ years ago. The wet messed up stuff is still there. It will have to be cleaned before can be used. I.E. The amount of available supply is really overstated based on current prices. Its expensive to clean.
4. Marginal supply is unlikely to come onto the market without much higher prices--why would they bring it online when they can make more on existing operations when doing less work. They are not dumbasses but instead shrewd businessmen.
I'm probably wrong but I think we will be at $2+ zince before the end of yearend 2018. The only question is in my mind is at what price does Trevali get bought out. Everything else plain and simple is random noise and doesn't matter & I don't care much. Its just a waiting game. With that said, I am going to take a nap and get closer to the end game whenever that may be. LOL.
Have a great weekend. GLTA