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Zinc Hits One-year High on China’s Economic Growth Target
Mar. 05, 2014 11:43AM PST
Base Metals Investing Bloomberg reported that zinc rose to its highest price since February 20, 2013 after China retained its 7.5-percent economic growth target.
Bloomberg reported that zinc rose to its highest price since February 20, 2013 after China retained its 7.5-percent economic growth target.
As quoted in the market news:
‘The upswing is continuing, partly on the back of news from China,’ Commerzbank AG analysts led by Eugen Weinberg said in a note today. ‘All of this points to continued robust Chinese demand for commodities in general, and for metals in particular.’
Zinc climbed as much as 1.1 percent to $2,143.50 a ton, the highest since Feb. 20, 2013.