This is a graph of the past 20 year history of zinc inventory and price. Every time the price made a move up, it was followed by a huge ramp up of production and plunging prices. Like my Economics 101 prof. said " the cure for high commodity prices is......high commodity prices!"
"This time it's different" (the 4 suicidal words of investing) because the production can't be ramped up quick enough to tank the price.
EZM is virtually a risk free way to play the zinc shortage because they are covering costs with existing copper production.
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