LME Zinc Stockpiles Drop 1.3 Percent

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.