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Open Mineral: Zinc Bottom Likely Past, but Prices to Stay Volatile

From investingnews.com

After hitting a low of US$1,773.50 per tonne at the end of March, zinc prices have slowly trended upward — but not without hiccups along the way. In Q2, the zinc price found support as the Chinese economy ramped up and as supply fell due to COVID-19 restrictions and/or price related issues, according to Ryan Cochrane of Open Mineral. “I was surprised slightly at how well the zinc price held up,” he said. “Fundamentals deteriorated very quickly from March onwards.”Major zinc-producing countries such as Peru have seen governments take strict measures to contain the virus, with lockdowns hitting supply of the base ... (full story)

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  • Category: Fundamental Analysis