Glencore has other South American and Central American zinc mines they are wanting to get rid of.
looking for some help here to understand a couple of things-
saw statement on twitter Lme on warrant zinc stockpiles at lowest level since 2020 and noticed cancelled warrants went up by 17075 tons and over 7000 yesterday. I think that means an additional 10-15 percent of available stocks is no longer available but my understanding may not be right. Could someone enlighten me if both the lowest level since 2020 and the big increase in cancelled warrants is very bullish for zinc? I'm thinking so but understanding of this might not be correct. Thanks in advance.
if zinc stays where it's at rest of year cash flow should be around 160 million if hit midpoint of production and aisc targets. This is before investment in rp2.0 and the stuff mentioned in the presentation. Higher zinc prices and likely lower treatment charges would add to this number.
I think will be interesting rest of year.