Zinc's three-month price on the London Metal Exchange continued to move downward at the close of trading on Monday June 3, with market participants indicating a corrective price move.
At the same time, commodity investment remained subdued on the threat of new tariffs to be imposed on Mexico by the United States.Volumes traded in the galvanizing metal reached their highest level since April 16, with more than 14,000 lots changing hands by the close, while its futures price closed at $2,468 per tonne.Despite a high level of availability of material in LME-registered warehouses, with just 10% of zinc stocks canceled, spot business in the metal continued to be difficult, with zinc's forward spreads still...