Zinc’s benchmark futures contract fell from Monday’s $3,050.50 per tonne closing price, which was the highest since June 14.
The galvanizing metal faltered at the start of the day after Shanghai Futures Exchange prices and domestic hot-rolled coil prices in China turned downward
. This followed statements regarding carbon emissions reductions from a meeting last Friday of the Politburo of China’s Communist Party, which created confusion in the markets.
Despite the drop on Tuesday, zinc has been trading at its highest levels since...