BASE METALS

Zinc to take a breather

Zinc has been the most impressive rebounding commodity in 2016, with prices climbing more than 40% year to date to circa-US$2,250 per tonne, having been as low as $1,445/t back in January. With the rally losing steam more recently, however, and failing once again to break $2,400/t, some ask whether the price performance has been a case of too much, too soon.