Zinc settled higher by 1.16% at 260.8, driven by a softer dollar and supply tightness overseas. However, concerns about global demand growth and new U.S. tariffs have stoked uncertainty across metals markets. The Biden administration’s tariff notices, targeting 14 countries with rates ranging from 25% to 40%, effective August 1, have stoked uncertainty. U.S. President’s…
Zinc prices dropped by 0.61% at 290.95 due to a slight increase in smelter production, less impacted by reductions in key regions like Henan and Gansu. Production surged in Qinghai, Inner Mongolia, Xinjiang, Hunan, and Shaanxi. Domestic refined zinc production is projected to rise by over 20,000 mt monthly in December 2024, marking a 5%…
The prospect of increased demand from China caused short-covering, which resulted in a minor increase in zinc prices of 0.06%, closing at 271.7. This hope stems from the anticipated Third Plenum of the Communist Party, which is set for July 15–18 and is anticipated to cover economic policy and reforms. Rising by 1,500 metric tonnes…
Zinc prices increased by 1.72% to settle at 228.1, fueled by growing anticipation that China, the world’s largest metals user, would announce more stimulus measures. In response to economic difficulties, China’s central bank governor announced a 50 basis point cut in the reserve requirement for banks, beginning from February 5. Furthermore, effective of January 25,…
