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Bloomberg reported that zinc stockpiles monitored by the London Metal Exchange dropped 1.3 percent to 992,300 metric tons.
Bloomberg reported that zinc stockpiles monitored by the London Metal Exchange dropped 1.3 percent to 992,300 metric tons.
As quoted in the market news:
Production of refined zinc exceeded demand by 149,000 tons in this year’s first five months and jumped 34 percent in China, the International Lead & Zinc Study Group said in a report July 18. Zinc stocks tracked by the LME rose above 1 million tons for the first time since 1995 on July 18.
Click here to read the full Bloomberg report.