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Zinc Advances on Speculation China Is Near End of Tightening
Jul. 04, 2011 11:04AM PST
Base Metals Investing Bloomberg reports that zinc rose to a two-month high as investors speculate that China is nearing the end of monetary tightening.
Bloomberg reports that zinc rose to a two-month high as investors speculate that China is nearing the end of monetary tightening.
The market news is quoted as saying,
Tin for three-month delivery on the LME was little changed at $25,650 a ton and aluminum increased 0.3 percent to $2,511 a ton. Zinc rose 1.4 percent to $2,398 a ton, the highest closing price since April 15. Nickel climbed 0.8 percent to $23,175 a ton and lead advanced 0.4 percent to $2,684 a ton.