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kitco shows lme warehouse stocks continue to drop. stock on hand is half what there was in february. this is only april. a 50% drop in two months.
if this rate continues another two months, the cupboard will be bare.
is there some detail i am missing? is lme warehouse stocks not a reliable indicator of inventories? is everyone going to stop using zinc in june? (corrosion prevention, alloys, medicines, fertilizers, pigments, coinage…?) is there dormant production capacity that can be brought online without lead-time? is there some huge unreported stockpile somewhere in the shadows?
if the kitco chart has any validity, prices should be skyrocketing by now