Tag: zinc smelter cutbacks
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Tight LME stocks highlight growing zinc imbalance between China and the West
LME zinc climbs to a six-month high SHFE zinc drops to 18-month low Western zinc markets are facing a deepening supply squeeze as LME inventories have fallen to 40,350 tonnes (t), with only 30,625 t deliverable—barely enough to supply global demand for a single day. Off-warrant stocks, totalling 12,087 t, further underline how depleted exchange-registered…