Zinc Price Falls From 5-Week High

Zinc Price Falls From 5-Week High

Zinc futures fell to $2,825 per tonne, down from a 5-week high of $2,934, driven by a supply surplus and weak demand. The global refined zinc market saw a surplus of 228,000 tons in the first half of 2024, according to the International Lead and Zinc Study Group.

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Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries

Gold Silver Reports (GSR) – Zinc Prices Lead on the Downside, Pressured by Large LME Deliveries – A 30,075-tonne delivery of zinc into LME-approved warehouses in Antwerp yesterday rattled price sentiment for the metal. The LME’s three-month zinc price closed down by 2.5% or $77 per tonne at $3,135 per tonne on Wednesday, with this weakness filtering through to prices on the SHFE.

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Zinc Prices Under Pressure; HKEX appoints Cha as Chairman; Vale’s Base Metals earnings grow 45.7% in Q1

Gold Silver Reports (GSR) – Hong Kong Exchanges and Clearing has appointed local businesswoman and politician Laura Cha as its new chairman of the board, the exchange announced on Thursday. Vale’s base metals business posted a 45.7% increase in its core earnings in the first quarter of 2018 from a year earlier, helped primarily by the higher realized nickel prices during the period, the Brazilian diversified miner said on Wednesday.

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