LME Zinc Ingot Inventory Drops Below 100,000 mt, LME Zinc Center Shifts Higher [SMM Zinc Morning Meeting Summary]

[SMM Zinc Morning Meeting Minutes: LME Zinc Ingot Inventory Drops Below 100,000 mt, LME Zinc Center Shifts Higher] Last Friday, LME zinc opened at $3,615/mt. After the opening, it drifted slowly higher, then declined rapidly in the afternoon session to test a low of $3,600/mt. Subsequently, LME zinc consolidated and rebounded again. Towards the end of the session, it touched a high of $3,648.5/mt, finally settling up at $3,640/mt, gaining $30.5/mt…

Source: Read Full Article