LME zinc spot continued to rise and hit a new high in 4 years. According to LME data, usable zinc stocks have dropped to only 73,850 tons. Currently, three entities hold a large number of zinc warehouse receipts and cash contracts, giving them significant influence on deliverable supply and increasing market concerns about insufficient deliverable resources.

LME zinc spot continued to rise and hit a new high in 4 years. According to LME data, usable zinc stocks have dropped to only 73,850 tons. Currently, three entities hold a large number of zinc warehouse receipts and cash contracts, giving them significant influence on deliverable supply and increasing market concerns about insufficient deliverable resources.