Zinc Hovers Near 3½-Year High
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Zinc futures remain above $3,500 per tonne, nearing a 3½-year high due to tightening supply from disruptions at Nexa’s Cajamarquilla smelter and Glencore’s Kazzinc plant. Falling inventories and treatment charges further indicate constrained supply. Potential relief may come from the restart of Boliden’s Tara mine and other projects. Demand is supported by improving industrial activity in China, though uncertainty in the Middle East affects the overall outlook.
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