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[kipp440]

Len - Call it "Z"-Day - Zero

I don't think the LME warehouses have ever been at zero across the board for any metal, not positive about that? It will be very interesting if the inventory does get so low that producers ship direct to customers and no metal winds up in any LME warehouses. I think your date will continue to move sooner due to panic buying and companies building strategic inventories.

Some day supply will catch up and the price will crash. I think that day is quite a few quarters away.

Thanks for the projections.

Kipp