Zinc Advances on Speculation China Is Near End of Tightening

- July 4th, 2011

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.

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