A slight increase of 0.11% in zinc prices was recorded as a result of mounting worries about supply interruptions. These worries have been raised by reports of a fire at the Russian Ozernoye mine project and by the recent halting of mining operations. A fire is said to have occurred at the Russian mine, which…
On expectations of stimulus measures from major metals customer China, zinc yesterday finished up by 0.61% at 215.7. In order to stimulate the economy, China is probably going to further reduce bank reserve requirements and interest rates in the second half of this year. Investors also predicted Beijing would introduce supporting measures shortly to boost…
The price of zinc yesterday increased by 0.67% to 234.1 because the International Lead and Zinc Study Group (ILZSG) predicted that the global market for refined zinc will likely have a deficit in 2023. The ILZSG predicted that in 2023, there will be a shortage of only 45,000 tonnes, as the demand for refined zinc…
As investors considered the likely course of interest rates, zinc yesterday decreased by -0.87% to 246.15. Although a cut is now mostly anticipated by year’s end, markets are still pricing in a 25 bps increase in the fed funds rate for next month. Williams, the president of the New York Fed, recently stated that the…
