| While other industrial metals are looking up, zinc prices continue to be under pressure. The zinc futures contract traded on the Multi Commodity Exchange (MCX) has tumbled 11 per cent in the last two weeks. This has marked the resumption of the strong downtrend that has been in place since May. The contract had surged over 9 per cent in the first four months this year.
Zinc spot prices on the London Metal Exchange (LME) topped out at $2,420 per tonne in May and have tumbled 33 per cent to $1,616. The slowdown in China, the world’s largest consumer of zinc, has been the major factor that has dragged the zinc prices lower...............................................Full Article: Source
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