Zinc’s three-month price was down 2.6% at the 5pm close on Friday at $2,813.50 per tonne, compared with Thursday's closing price of $2,888 per tonne.
Nevertheless, the galvanizing metal remains above the $2,800 per tonne threshold that it crossed on Tuesday.
And despite the pullback, zinc’s price reached an intraday high of $2,897 per tonne on Friday, just $3 shy of the 2020 high of $2,900 reached on December 21.
Similarly, nickel’s three-month price was $17,667 per tonne on Friday at 5pm, 2.4% lower than Thursday's closing price of $18,109 per tonne.
The stainless steel additive had a whirlwind week, starting with a 4.8% rise on Monday to $17,404 per tonne,...