Zinc Rises on Weak Dollar, Upside Limited

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…

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Zinc Gains on Global Demand Outlook

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…

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