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 were slightly higher by 0.02% at 252.5 due to a mixed global demand outlook, particularly from China, the world’s largest consumer. Stronger-than-expected Chinese retail sales data eased fears of a broader economic slowdown and temporarily limited bearish sentiment. However, the upside remained capped amid uncertainty following lackluster progress in U.S.-China trade talks and…
Zinc prices fell by -0.02% to ₹270.75 due to a sharp increase in SHFE-monitored inventories since January 24. However, supply concerns limited the downside, as global mined zinc production declined for the third consecutive year in 2024. China’s refined zinc output dropped by 7% due to lower processing rates and production cuts at major smelters….
Zinc prices fell 1.23% to ₹276.15 on sluggish manufacturing activity. This is expected to weigh on global GDP and zinc demand, leading to trade disruptions. In December 2024, China’s domestic production of refined zinc increased by 20,000 metric tons (MT) or 5% MoM. However, the year-on-year decline in overall production was more than 6%. Unexpected…
