News: Zinc vies for three-year high

  1. The price of zinc continues to rally on increasing demand and falling supplies.

    Zinc is already the fourth most used global metal, and hit a fresh 35-month high overnight, and is up 15% in 2014.

    Overnight the metal added another 1.1% to US$2,362 a ton on the London Metal Exchange (LME), after peaking at US$2,375 a ton.

    Inventories tracked by the LME dropped for the 17th straight session to 656,275 tons.

    Inventories dropped for the 17th straight session to 656,275 tons.

    Providing further support is Indonesia's recent ban on unprocessed mineral exports, although zinc concentrate has been excluded from the ban.

    Around the world - some of the biggest producing zinc mines are closing.

     

 
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