As LME stocks rise for the third day in a row, zinc prices fall.
Zinc prices fell by 0.34% to 288.95 due to rising stocks in LME warehouses, easing supply concerns. This has led to a reduced cash premium over three-month zinc contracts, indicating softer demand. Chinese economic data shows sluggish demand, with September’s industrial profits marking the steepest decline of the year. Production forecasts for global mined zinc…
