The three-month zinc price traded higher during the morning session on the London Metal Exchange on Wednesday June 2, while the rest of the base metals complex consolidated gains following a strong end to May.
Zinc's three-month price rose as high as $3,098 per tonne in morning trading, up from Tuesday's closing price of $3,064 per tonne. The contract's reading of $3,060 per tonne at the close on May 28, the last working day of the month, was a 3% gain on its price at the start of the month.LME zinc stocks recorded their sixth day of decline, with a 5,525-tonne outflow seen on Wednesday spread across warehouses in Asia and Europe, with the largest volume - some...