| While the aluminum price was the strongest price performer among industrial metals in July, zinc again enjoyed a stellar month, rising almost 8% over June. The price of zinc rose to a near-three year high of $2,416 a tonne last week as the base metal continues to benefit from expected supply cuts due to the scheduled closures of Australia's Century, Namibia's Skorpion and the Lisheen mine in Ireland.
Lisheen and Black Mountain, both controlled by London-listed Vedanta, also suffered production disruptions this year, further boosting the price of the base metal...............................................Full Article: Source |