Tag: zinc smelter supply
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LME zinc recovers; inventories rise amid higher Chinese exports
Weak US employment data, interest rate concerns prompt hike Rising Chinese exports ease supply tightness, Western smelter risks persist LME zinc prices recovered during the week ended 9 October following a correction during China’s National Day holiday. LME cash settlement rose 1.1% to $3,840/t on 9 October from $3,798/t on 2 October. The three-month contract…