There is a shortage of zinc concentrates around the world and that shortage is constraining smelter production in China and places like South Korea and keeping supplies fairly tight.

There is a very tight basic supply/demand balance around the world, and economic growth has been surprisingly strong so far this year.

What I conclude from this is that we need another export outlet for our crude oil. I suggest China and Japan would be excellent outlets for some of this crude.

The prices right now for a number of the base metals are really in uncharted territory.