The global refined zinc market recorded a deficit of 485,000 tonnes during the 11-month period, more than double the 206,000-tonne deficit recorded in January-November 2016. Total reported inventories fell by 320,000 tonnes year on year during the period, the Portugal-based group said on Wednesday January 17.
The global refined zinc market posted an 80,100-tonne deficit in November, nearly double the month-earlier deficit of 41,200 tonnes.
The supply shortfall has helped push the London Metal Exchange’s three-month zinc contract up by 25.3% over the past year, to $3,396.50 per tonne ($1.54 per lb) on Wednesday from...
