04.11.2015 - Base metals give up recent advances from output cuts
Zinc, a metal used to rustproof steel in everything from cars to building materials, has surrendered all of the gains made after Glencore, the miner-cum-trader, stunned the market with plans to cut a third of its annual production. Glencore’s move in early October sparked a broad-based rally in metals prices, driving the price of zinc up by more than 12 per cent on the London Metal Exchange to $1,881 a tonne. But the price has fallen back and now stands at $1,675................................................Full Article: Source
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