Was bang on. Up she goes 43,700t and the price is up 0.40%. They would never have happened 5, 10 years ago. Zinc prices would have fallen 5%. What a trader has done is bought it, moved it from Europe, parked it in New Orleans and will wait 6-12 months, or until the surplus dwindles, then sell it for 20-30% higher. Not a bad return for one year or so. Anyway, it's not really available even though it appears as being 'stored' there.
KZL Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
