Zinc Fails to Gain Upward Momentum on LME

Reuters reported that zinc have failed to recover since falling to its lowest level in 5 months last week. It closed at $1,879 on Tuesday.

As quoted in the market news:

The problem for zinc is the same as that afflicting other base metals: current market fundamentals and macroeconomic forecasts are simply not strong enough to encourage forward buying,” broker Triland said in a note.

Click here to read the full Reuters report.