RE:Interesting market reaction to zinc price fluctuations...What's also intresting is that the price of Zn right now is virtually the same as it was at the begining of the year, when LME inventories were 430,000 t. Today's inventory levels are 367,400 t. That's a drop of approx 63,000 t or 15%, and I believe the Shanghai inventory Zn levels have seen similar decreases. Further, the forecast is for the deficit to continue to grow, and begin to get acute in Q2-Q3 which we're just beginning. Yet the price is the same as it was three months ago. These fundamentals can't be ignored much longer, and it's just a matter of time for real interest to return to the zinc stocks, such as TV, NSU, etc. We'll see some huge returns in the coming months.
Patience everyone.