
Pandering to the China Bears: How Much Zinc Supply is Too Little?
Editor’s note: The following was contributed by Analyst Ryan Cochrane of the CRU Group. Global concentrate inventories first reached critical levels in 2017 Q1, leading to Chinese smelter utilization rates falling below 90 percent and remaining at depressed levels since. Without much buffer concentrate stock remaining, the relationship between mine supply and Chinese smelter output […]