Zinc hits highest in nearly a month on supply fears
Bullish strength: 80/100
- Zinc rose 0.6% to $3,863 per metric ton, its highest level since September 30.
- The LME cash zinc premium over the three-month contract widened to $106 per ton from $45 the previous week, while available LME stocks fell 14% since last week.
Bearish strength: 20/100
- Chinese refined zinc exports previously helped relieve shortages outside China, and a repeat of those exports could ease international supply tightness.
- Overall zinc inventories have recovered, despite declining available LME stocks.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.