04.07.2016 - Zinc rockets to one-year high
Zinc is proving to be an outlier among industrial metals whose 2016 outlook looks dim due to supply overhangs and lagging economic growth. The price for the metal used for rustproofing steel is outperforming copper, aluminum and iron ore as banks and traders anticipate price gains due to a shortage. On Friday the London Metal Exchange benchmark price hit US$2,104.5 a tonne, but earlier in the day prices reached US$2,116, the highest level since July 15, 2015...............................................Full Article: Source
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