Zinc Is Facing A Massive Supply Squeeze

Much has been said about the trials and tribulations of the aluminum market, particularly of the impact on smelter output from energy rationing in China last year and then rapidly escalating energy prices in Europe this winter. Russia’s invasion of Ukraine turbocharged prices. Fears rose over already constrained oil and natural gas supplies to Europe getting even worse. In the face of rapidly escalating energy costs, European smelters began partial and even complete closures of smelters pending a drop in power costs. But, of course, the dynamic…