I thought LME represented a higher % of worldwide inventories, around 2/3rds but could be wrong - can't remember where I got that from, maybe CruGroup or Wood MacKenzie. These two seem to be recognised as the leading commentators in the base commodity area.
Will always get noise from the traders, like the zinc spot price lately. Oil, iron ore get flogged and zinc took some blows even though nothing has changed for the medium term outlook it seems:
http://www.riskelia.com/blog/2014/1...selloff-spread-to-the-whole-financial-system/
http://zincinvestingnews.com/9224-z...li-tsx-tv-foran-tsxv-fom-inzinc-tsxv-izn.html
http://www.metal.com/newscontent/67...nel-highlights-positive-supply-demand-picture
Be good to see zinc recover more this week, get back over $1 per lb by Christmas and hopefully set up further rally to $1.10 early in the New Year.
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