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    Zinc Fails to Gain Upward Momentum on LME

    Investing News Network
    Apr. 23, 2013 06:09PM PST
    Base Metals Investing

    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.

    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.

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