01.11.2016 - Zinc rallies to five-year high on supply constraints
Zinc rallied to its highest in five years on Monday, lifted by expectations that availability of the metal would remain tight after Glencore said it had shuttered one of its Australian mines. Glencore's Black Star Open Cut mine in Queensland, part of the Mount Isa Mines complex, has been put on care and maintenance after mining out its existing reserve, the company said in a statement on Monday. Zinc, widely used in alloys, is one of this year's best performers among industrial metals, having benefited from supply shortages and a squeeze in the concentrate market...........................................Full Article: Source
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