The three-month zinc price on the London Metal Exchange finished strong on Friday April 17, closing at $1,958 per tonne after steadily gaining through the week.
The zinc price briefly touched a high of $1,962.50 per tonne on a day that saw 5,270 lots traded. The rally in the zinc price is significant given that the galvanizing metal's price was at $1,793 per tonne on March 25.Global LME refined zinc stocks remain elevated, with 98,300 total zinc stocks across LME-registered warehouses, and 89,625 tonnes on warrant. Fastmarkets analyst Andy Farida said in his...