The zinc futures contract had the biggest increase among base metals on the London Metal Exchange, and lead surpassed the $2,100-per-tonne mark at the close on Thursday February 11.
The rest of the base metals held around their recently established highs.Zinc's three-month price climbed 2.4% on Thursday to $2,789.50 per tonne from its closing price of $2,725 per tonne on Wednesday February 10. Its highest this year was $2,897 in early January. LME stock levels declined by 1,800 tonnes on Thursday to 287,050 tonnes. Stocks reached a three-year high of 294,500 tonnes on January 26, when than 100,000 tonnes were delivered over a three-day period.But off-warrant...