LIVE FUTURES REPORT 25/02: LME zinc shows 0.3% decline; lead tops gains in 2% uptick

The three-month zinc price on the London Metal Exchange was lower at the close of trading on Tuesday February 25, with the price edging down by 0.3% in a broadly positive trading afternoon, while lead futures topped the base-metals complex.

Zinc’s outright price on the LME closed at $2,030 per tonne in the afternoon, failing to close in positive territory despite strong turnover throughout the day. Some 10,500 lots of zinc were exchanged by the close on Tuesday, second only to copper’s 13,700 lots. The price of the galvanizing metal fell by more than 2% earlier in the week amid fears that that the novel coronavirus outbreak could further threaten investor assets, while a robust bounce in equity markets on Wednesday morning failed to prompt buying in...


Hassan Butt

February 25, 2020

18:55 GMT