Zinc Stockpiles Climbing Most in Two Years Signals Ample Supply
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For all the concern about dwindling zinc supplies, one data point suggests there may still be plenty of metal available.
Warehouse stockpiles increased the most in two years, data from the London Metal Exchange showed on Wednesday, ending a 29-day streak of declines. While inventories are still near the lowest since 2009, the jump suggests there may be significant holdings of the metal outside of storage, according to Macquarie Group Ltd.