Zinc Advances on Speculation China Is Near End of Tightening
Bloomberg reports that zinc rose to a two-month high as investors speculate that China is nearing the end of monetary tightening.
Bloomberg reports that zinc rose to a two-month high as investors speculate that China is nearing the end of monetary tightening.
While zinc failed to escape the commodity sell-off in early May, analysts are optimistic about the metal's recovery.
Zinc declined in London Thursday as expectations of slower growth in China decreased the demand outlook for base metals. China’s attempts to cool inflation are expected to result in an 8.7 percent growth rate in 2011, down from 10 percent in 2010.
Mineweb.com reports that there is an expectation of mixed results for base metals in 2011, including lead and zinc.
The Street.com reports that there is an expectation that Base Metals, including zinc, will continue their upswing
Commodity Markets online.com reports that, fearing a dwindling supply in both zinc and lead, prices were driven up for all base metals on the LME, with the exception of Nickel.
Zinc futures prices rose 0.43 per cent to Rs 106.05 per kg today on fresh positions created by speculators, after tracking a firming trend in base metals in global markets. Analysts said a firming trend in base metals in global markets, as the outlook for demand improved, mainly led to a rise in zinc futures [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News 2008 was a year for unprecedented losses for both the zinc and lead markets. As economic malaise spread around the globe, zinc for three month delivery fell about 49 per cent. Lead, due to its close ties to the auto industry, took a staggering plunge from [...]
By Heather Matthews – exclusive to Lead Investing News Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers. After the report [...]
Get our independent commentary on zinc trends and companies delivered to your inbox.