RE:RE:RE:CRU says LME prices to average $3,500/MT next yearIt's good to look at all sides of a potential shift in market dynamics. We don't know what TCs will be, nor do we know what zinc prices will be.
There's full-on market manipulation taking place with uranium, and I don't dismiss that possibility with zinc. Smelters are in a position to do this, by shutting down capacity so that TCs are forced higher, and then restoring the capacity to reap profits.
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Farsighted wrote: I was simply sharing an article that came up in my news feed. Having said that, if the choice is between (1) zinc price of USD 3150/mt and TCs of USD 159 on the one hand and (2) zinc price of USD 3500/mt and TCs of USD 200 on the other hand, anyone would choose option (2). The point I am trying to make is relative advantage of substantially higher zinc prices despite having to live with slightly higher TCs.