Thursday, June 22, 2017
Zinc warehouse stocks continue to fall
Zinc starred with a 3.4% jump to US$2631.50 per tonne, the highest level this month.
According to Bloomberg, London Metal Exchange stockpiles fell for the 25th consecutive day to the lowest level since January 2009, with inventories available for delivery the lowest since 2008.
Despite the sluggish climate for base metals, zinc has actually risen by 8.3% in the past two weeks.
I am still bullish on zinc and Nevsun (NSU).