Zinc futures fell to $2,825 per tonne, down from a 5-week high of $2,934, driven by a supply surplus and weak demand. The global refined zinc market saw a surplus of 228,000 tons in the first half of 2024, according to the International Lead and Zinc Study Group.
LME Zinc Price
LME Zinc Made Falling Wedge Pattern Big Move On Chart Looks Near Terms
LME Zinc futures fell 1.7% to around $3,250 per tonne on January 16, retreating from a near three-year high reached on January 15, after Chinese regulators cracked down on high-frequency trading.