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Zinc rises to highest since 2007

Posted on 30 November 2016

The rally in metals is showing no signs of slowing down. The Bloomberg Industrial Metals sub-index posted the biggest five-day gain since 2011, as zinc touched a nine-year high. Prices rallied after China’s top economic commission approved a $36 billion plan on new rail links around Beijing, boosting demand for industrial raw materials.
Zinc for delivery in three months rose 2.9 percent to settle at $2 900 a metric ton at 5.50pm on the London Metal Exchange, after touching $2 985, the highest since October 2007………………………………………..Full Article: Source


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