The base metals complex remains unsettled ahead of United States president-elect Joe Biden’s impending stimulus announcement.
Zinc’s three-month price was down 1.7% to $2,727.50 per tonne on Thursday at 9am, down from Wednesday’s 5pm close of $2,773 per tonne.
The galvanizing metal reached its highest price so far in 2021 last week, reaching $2,897 on Friday January 8, and has steadily decreased since then.
Since the middle of November 2020, zinc’s forward price has traded above the $2,700 per tonne mark - going as high as $2,900 per tonne...
