| On December 22, zinc futures traded close to 1% lower, representing an overall weak global trend for it and other metals. On the London Metal Exchange, zinc dropped by 0.7% with analysts attributing the bearish turn of zinc futures trade to a weakness in copper and other base metals in the global markets.
The reason? Questionable sustainability of Chinese demand, the world’s largest consumer of copper and other metals. This happened just several days after zinc futures rose nearly 0.5%, due to an increase in demand in India’s domestic spot market. According to the Economic Times, zinc for delivery in January also rose, 0.3% during the same time frame...............................................Full Article: Source
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