Zinc Price Strengthens Again; Return of Positive Signals to Non-ferrous Metals Market

 

In a report by Mine24, zinc enjoyed an extraordinary day today and its price grew 1.58% along with lead and the line of demand continues to extend. In comparison with the previous week, the metal needs to grow 0. 58 per cent to compensate for the fall in prices on Friday.

On the other hand, the production of zinc concentrates by China, where 80 percent of the world's zinc are produced, has reduced to 19% in the second quarter of 2016, and in the six months it has fallen to 14. 5%. Therefore, it seems the market is returning to its fundamental state and growth is assumed.