Zinc showed the biggest fall in its three-month price on the London Metals Exchange at the 5pm close on Friday December 11, with other base metals ending the week around established highs after days of rallying to new year-to-date peaks.
The LME base-metals complex was boosted during the week by positive sentiment, driven by an expectation that the Food & Drug Administration (FDA) in the United States will approve the Pfizer-BioNTech vaccine against Covid-19.Nevertheless, zinc's three-month price was 2.5% lower on Friday than on Thursday. It fell to $2,795 per tonne from the previous day's 5pm closing price of $2,867 per tonne.The galvanizing metal was part of the complex which rallied through the second half of the week. It hit...