The energy crisis shows little sign of abating and is taking a toll on metals production. We discussed this in our recent note on aluminium and zinc. In Europe, both aluminium and zinc have seen increasing disruptions. Higher energy and carbon prices are a double whammy for Europe's producers, raising costs and squeezing margins. The disruptions have been uneven among different metals, and the impact is not yet fully understood. So far, aluminium and zinc have been at the forefront of the energy crisis, mainly in Europe and China, with China's sector also troubled by the emissions control measures. LME zinc prices ... (full story)