Zinc Recovers from 5-Month Low as US Economy Improves

Bloomberg reported that zinc has finally recovered from a 5-month low, rising as much as 0.8% as US factory data shows an improved economy and stronger demand for industrial metals.

As quoted in the market news:

Orders placed with U.S. factories rose the most in five months in February, boosted by a pickup in demand for motor vehicles and commercial aircraft, a Commerce Department report showed yesterday. The Standard & Poor’s 500 Index reached a record high yesterday as concern over Europe’s debt crisis eased and U.S. factory orders topped forecasts.

Click here to read the full Bloomberg report.