The zinc price has defied expectations that oversupply would put so much downward pressure on prices that last month’s $3,100/ton high would be the peak for years to come. Although the zinc price has drifted off those highs, it is currently just under $2,900 per metric ton for cash and three-month on the LME, zinc prices have remained stubbornly high, despite a complete lack of investor interest. Zinc price trends As with aluminum and copper, the Shanghai Futures Exchange has outperformed London this year. However, even the SHFE zinc price…
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