Zinc concentrate treatment charges (TCs) are dropping in China with smelters and traders scrambling to cover shortfalls in supply feed left by shuttered mines.
Countries across South America have brought in stringent lockdown measures to combat the spread of the Covid-19 virus with top exporters Peru (2 million tonnes - 2019) and Bolivia (1.1 million tonnes - 2019) among the most restrictive to business operations."Now you have a contango and low interest costs so it's not difficult to keep stuff on stock. Why would you sell high...