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Zinc hits highest in nearly a month on supply fears
LONDON: Zinc prices climbed for a fourth session to hit their strongest level in nearly a month on Wednesday, amid worries about mine supply and shortages outside China. Benchmark three-month zinc on the London Metal Exchange gained 0.7% to $3,868 a metric ton in official open-outcry trading, its highest since September 30. Declining mine output has spurred record-low treatment charges for smelters and cutbacks of their refined metal output. “Unless concentrate availability improves, Chinese refined output is unlikely to respond quickly enough to relieve tightness in international markets,” an...
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