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Reuters reported that industry sources believe zinc prices will rise in China during the second quarter of 2014 on the back of increased consumption due to railway projects and strong investment demand.
Reuters reported that industry sources believe zinc prices will rise in China during the second quarter of 2014 on the back of increased consumption due to railway projects and strong investment demand.
As quoted in the market news:
Beijing this week said it plans to speed up the construction of railway lines and highways to help steady its domestic economy.
This is expected to increase zinc consumption in the coming quarter, even though the orders are not new.
‘Zinc prices should be next after steel prices rose, thanks to Beijing’s plans,’ said a manager at a factory that uses refined zinc to make alloys. He declined to be named because he was not authorised to talk to media.