Zinc price on the up as supply tightens; cobalt forecast revised upwards as demand intensifies
Chinese zinc imports for August has increased 145% year-over-year to 227 000 t, according to Metal Bulletin and Chinese Custom Data released early on Tuesday morning.
Scotia Mining Sales noted in a report to clients that this is not surprising given the Shangai Futures Exchange and London Metals Exchange (LME) zinc price arbitrage was wide open from mid-May to the end of June, and again it has been open since mid-August.