LME Pb stocks under 70Kt, page-8

Due to the LME stuffing up the supply chain via massive charge rates for holding said stocks as well as a rorting holding of the stockpiles to bolster their earnings, which has been apparently sorted in the last year or so, many suppliers have resorted to non-LME stockpile holders. Trouble is there are a lot more off market dealings in all metals and one could argue with something like lead thats getting a bit thin on the ground that there would be more hoarding in these private stockpiles as they will hold for higher prices expected when the LME numbers get very low. evidence of that the last 2 weeks with a big influx of 10Kt.

Could be totally wrong too.

Someone with more metals supply chain logistics might have a better idea Frb.

Gr.