| Zinc remains the top performer of the 22 raw materials tracked by the Bloomberg Commodity Index, and is up over 41% this year. It is also the top performer of London Metal Exchange traded metals, with zinc stores monitored by the bourse down 30% from their last September peak. The metal is finding support at $2166 and is meeting resistance at $2294.
Even with its outstanding performance, investors remain bullish on the metal with open interest climbing to its highest since October. The reason for the rapid turnaround in the metal is a changing supply chain, with supply cuts and mining closures changing the market fundamentals, with a deepening deficit now expected...............................................Full Article: Source
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