Zinc stockpiles took another big drop on the world’s top base-metals exchange, highlighting a tight market that’s raising the threat of a supply squeeze.
Freely available zinc inventories slipped 25% on the London Metal Exchange on Friday, nearing the lowest level on record. The on-warrant stocks have slumped 74% in just over a month as Trafigura Group booked out large volumes to make up for a shortfall in its own supplies after production cuts in Europe.
