Loading ...lme warehouse stocks of zinc have been dropping for a while.
http://www.kitcometals.com/charts/zinc_historical_large.html
the last 60 days has seen a 50% drop in warehouse levels. if this rate of drop continues another 60 days, the shelves will be bare!
zinc isn’t something the global economy can run without. it’s in lots of products. brass, galvanized anti corrosion coatings, latex paint, tires, medicines, fertilizers….
many precious metal miners have a significant zinc byproduct in their ore.
IF kitco’s figures on warehouse levels are an accurate indicator of the global supply level, we’re about to see some turbulence in the zinc market.