- Write by:
-
Saturday, November 25, 2017 - 9:09:37 PM
-
1025 Visit
-
Print
Mining News Agency - Zinc prices rallied to their highest level in two-weeks driven by persistent supply concerns.
Mining News - Zinc prices hit a two-week high on Wednesday (November 22) supported by persistent supply worries.
LME zinc closed up 1.2 percent at $3,228 per tonne after touching $3,240 earlier in the day, its highest level since the beginning of the month.
Environmental inspections in China, the world’s top zinc-producing country, have resulted in reduced production or the closure of many zinc mines across the country, fueling shortages concerns.
“In zinc, reduced Chinese mine production will keep balances tight, supporting prices over the next six months,” JP Morgan (NYSE:JPM) said in a note.
Short Link:
https://www.miningnews.ir/En/News/68012
![Glencore said to weigh selling stake in Kazakh miner Kazzinc](/Incsys/Photo.aspx?image=/Uploads/News/20240611205715107.jpg&width=236&height=180)
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in ...
![At least two companies seek Norway seabed mining permits](/Incsys/Photo.aspx?image=/Uploads/News/20240524144327722.jpeg&width=236&height=180)
Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they ...
![Korea Zinc sees US opportunities as it targets big copper growth](/Incsys/Photo.aspx?image=/Uploads/News/20240517142509303.jpg&width=236&height=180)
The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth ...
![Peru zinc miner Volcan to avoid debt haircut, new owner says](/Incsys/Photo.aspx?image=/Uploads/News/20240517141407190.jpg&width=236&height=180)
Volcan Cia Minera SAA plans to make a series of debt payments through August and to refinance later obligations without ...
![Sibanye seeks to loosen borrowing restrictions as earnings plunge](/Incsys/Photo.aspx?image=/Uploads/News/20240513180948418.jpeg&width=236&height=180)
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
![High-flying zinc shrugs off European smelter restarts](/Incsys/Photo.aspx?image=/Uploads/News/20240506143025222.jpg&width=236&height=180)
Belgium’s Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and ...
![Copper price hones in on $10,000/t as supply angst continues](/Incsys/Photo.aspx?image=/Uploads/News/20240422223358607.jpeg&width=236&height=180)
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
![Zinc price trades near one-year high as market weighs supply risks](/Incsys/Photo.aspx?image=/Uploads/News/20240413224215987.jpeg&width=236&height=180)
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming ...
![Copper price hits fresh 14-month high on supply fears, China optimism](/Incsys/Photo.aspx?image=/Uploads/News/20240410213840400.jpeg&width=236&height=180)
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
No comments have been posted yet ...