Zinc storage at the London Metal Exchange (LME) warehouse reached 12-year low in March 2019. The storage is at approximately 59,000 tones – which is only two days of global consumption. The price of zinc is up 22% since the beginning of the year. I’m of the opinion that the prices could move to last year’s highs. The question is how to invest in zinc.
Disclaimer: Palos Funds are shareholders of TECK/B and LUN.
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