21.09.2016 - Zinc climbs on speculative buying, China outlook
Zinc rose on Tuesday, climbing for a second day after two weeks of losses, supported by speculators betting on shortages and an uptick in Chinese demand for industrial metals. Zinc was the top performer on the London Metal Exchange with benchmark prices closing 2.2 percent up at $2,300 a tonne, building on gains of 1.6 percent on Monday. Zinc is also this year's favourite LME metal for investors with gains of 43 percent to date following the closure and suspension of mines. Commodity trading advisors (CTAs), which run speculative funds often run by computer programmes, were active buying on Monday and Tuesday, Dee Perera at broker Marex Spectron said.............................................Full Article: Source
Print