empty
 
 

05.11.202607:40:01UTC+00Zinc Hovers Near One-Month High

Zinc futures remained above $3,800 per tonne, trading near a one-month high as global mine supply tightens and risks mount around major smelter operations. Recent disruptions at Korea Zinc, Glencore’s Kazzinc, and YoungPoong’s Seokpo smelter have heightened fears of potential supply losses, though the precise impact on refined zinc output is still uncertain.

At the same time, weaker Chinese imports of zinc concentrate have constrained feedstock availability, driving treatment charges to record lows and prompting some smelters to curtail refined zinc production. Supply risks are also building in Western markets: doubts over the future of Nyrstar’s loss-making Budel smelter in the Netherlands are adding to concerns about the broader supply outlook.

Nevertheless, expectations of a rebound in Chinese mine production and an eventual improvement in concentrate availability could alleviate current supply tightness and cap further price gains.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback