Zinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days’ worth of global consumption.
Inventories are down 55% this year and are on course to arrive at levels last seen in 1990. Zinc stocks peaked in 2012 at the height of the commodities boom, reaching 1.2 million tonnes.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials. Their projects in South Africa include the Hernic Platinum Project, DCM Platinum & Chrome Project and the PlatCro Platinum Project.