Zinc price rose the most in almost five months on Thursday after Glencore warned that Europe’s energy crisis poses a substantial threat to supply. Glencore has already suspended production at one of its zinc smelters in Europe, leading to a sharp drop in its metal output this year, and on Thursday it disclosed that its other smelters in the region are barely turning a profit. The company produced 350,900 tonnes of zinc in H1, 47,500 tonnes (12%) lower than H1 2021, mainly relating to the suspension of Portovesme’s zinc line in Q4 2021, due to high European power prices. While risks to industrial-metals demand are ... (full story)