RE:RE:StorageYup. We found out a short while ago, when LME+SHME on-warrant inventory fell below two days' worth of global production -- zinc buyers yawned and price went nowhere -- that low LME+SHME on-warrant inventory is not an indicator of world-wide low inventory.
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kramaswamy wrote: Don't count on it. That story has been repeated for the past two years. It hasn't become reality, and it's unlikely to happen now, since supply is going to start outpacing demand in the coming years.