LIVE FUTURES REPORT 05/06: LME zinc rallies while nickel, copper prices gather momentum

Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.

Outperforming the rest of the complex, zinc’s three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. “While the market remains tight in China, we are doubtful zinc will be able to extend significantly above its mid-February high of $3,595.50 per tonne,” Metal Bulletin analyst James Moore said. “Demand is set to enter the summer lull, mine supply is set to gather pace during the second half of 2018 and last...

Published

Hassan Butt

June 05, 2018

18:02 GMT

London