Zinc Hits One-year High on China’s 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.

Click here to read the full Bloomberg report.