27.07.2016 - July Zinc Price Forecast: Multi-Month Highs Reached
Zinc prices , along with nickel, rallied to hit multi-month highs last week as investors hedged on continued supply disruptions. According to a report from the Financial Times, the zinc price climbed to its highest point in 14 months to $2,275.5 per metric ton on the London Metal Exchange. Investor sentiment surrounding commodities has improved due in part to a weaker dollar and growing oil prices, in addition to government stimulus in China. That stimulus has enhanced the Far East nation’s transportation and infrastructure sectors. Meanwhile, nickel could reach as high as $12,000 per metric ton...............................................Full Article: Source
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