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Zinc steals the show

Zinc has continued to steal the show in the early stages of 2018, and reached another 10-year high on Monday.
Zinc steals the show Zinc steals the show Zinc steals the show Zinc steals the show Zinc steals the show

The zinc price has been bubbling up nicely so far in 2018

Staff reporter

The galvanising metal posted a 30% return on the LME in 2017, and it has continued the upward momentum in 2018.
 
The LME cash price was around US$3,405 per tonne in late (UK) trade on Monday, marking a new 10-year high, with the cash seller and settlement price coming in at $3,396 per tonne on the day.
 
Unsurprisingly, stocks tied to zinc rose.
 
In Australia, Nigeria-focused Symbol Mining (AU:SL1) was up 54%, Inca Minerals (AU:ICG), which has a zinc-silver-lead project in Peru, rose 20% and Algerian play Terramin Australia (AU:TZN) rose 14%.
 
In Canada on Monday, Americas-focused HudBay Minerals (CN:HBM) was up 0.17% and Callinex Mines (CN:CNX) rose 7.5%. 
 
Despite the price rise, zinc is still some way off the LME three-month price of $4,600/t reached during the bull run of 2005-2007.

 

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