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Zinc hits two-week high as tight stocks spur bullish sentiment
Zinc jumped to its highest in two weeks on Monday as falling inventories and rising power prices boosted sentiment on the metal used to galvanise steel. Benchmark three-month zinc on the London Metal Exchange was up 1.5% to $3,800.50 a metric ton as of 1030 GMT, having earlier hit $3,821.50, the most since October 12. “Zinc sentiment appeared neutral to modestly bullish,” Citi said in a post-LME Week note on Monday. “While mine supply is likely to grow in 2027, some participants think the market remains too optimistic on the scale of growth given under performance of recent years.” The global ...
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