New Zinc production.
I agree that there is no known mega mines coming on stream but some known new production will come from EZM, HBM and BWR is reopening their Langlois mine.
No mega mines there but there is increased production on the horizon. Still got some time for this thing to peak once or twice more so there is lots of quick profit potential. But it will remain volatile.
The seasonal slow down is also something to watch out for. Tpically in March / April things slow down. It shouldn't happen this year but......
In my mind there is also the real good chance that the producers are playing games with their inventories. I wouldn't be suprised if they are using the higher prices as an opportunity to mine their lower grade ores.
Also I remember last year when inventories were falling, all of a sudden there was a one day 100,000 increase in the LME inventory levels. It certainly took me by suprise.
Bottomline, there is a lot of potential here but expecct a lot of volatility. play it close or be willing to accept some big us and downs.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
