Breakwater Resources (T.BWR) Message Board

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Gold/Mining/Energy : Breakwater Resources (T.BWR)

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To: Stephen O who wrote (473)	7/18/1998 3:13:00 PM
From: Giraffe	Read Replies (1) of 962

>>LME inventories are just above 380,000 tonnes. The low last year was about 373,000 tonnes. << According to the data from the LME web site prior to 1991 zinc stocks never went above 100,000 tonnes. And then within a couple of years increased more than ten-fold (over 1.2 million tons) before dropping to where they are today. Why is this? Does it actually have a bearing on the price and is it possible that stocks could drop back to their pre-91 levels? In other words - do we really know what a 'low inventory level' would be?

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