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.
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