18.05.2011 - Zinc plunges, but outlook is positive
Zinc failed to escape the commodity price plunge in early May as the sell-off was felt across world markets. Zinc prices were up slightly this past Friday at US$ 2,179/tonne on the London Metals Exchange (LME) after bottoming out at US$ 2,048/tonne on May 6th, their lowest levels since November, and dipping again on Wednesday the 11th. Though escaping the same kind of carnage experienced by silver, zinc, like most other commodities, was impacted as speculators appeared leery at the prospect of US growth and global concerns over rising inflation rates..............................................Full Article: Source
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