Zinc fell 7.6 % to a low of $1090
Three-months zinc fell 7.6 % to a low of $1090, before closing at $1100, down $80. More than 1.35 mn tonnes, or nearly 1/3rd of China’s 5 mn tonnes of primary zinc output capacity, is slashing output, as a result of low prices and on an annual basis the reductions add up to 450,000 tonnes.
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Fri, Nov 7, 2008
Post by Melissa Pistilli, Zinc Senior Reporter