LIVE FUTURES REPORT 07/01: LME zinc price gains top complex in thin trading day; Al closes above $1,800/t

The three-month zinc price on the London Metal Exchange climbed by 1.3% by the close of trading on Tuesday January 7, topping gains in the complex amid moderately low turnover across the board, while the aluminium price shed 1% of over the afternoon.

Zinc’s outright price on the LME closed at $2,346 per tonne this afternoon, its highest closing price since November 18, 2019. Despite low turnover over the day’s trading – copper was the most traded at 12,000 lots at the close – LME zinc’s trading volumes were at their highest since December 13 last year, with some 8,700 lots exchanged by the close. This comes against continued tightness in zinc’s forward...

Published

Hassan Butt

January 07, 2020

18:02 GMT

London