LIVE FUTURES REPORT 17/05: Zinc above $3,000/t again; LME prices gain over 1% after Friday dip

May 18, 2021 / www.metalbulletin.com / Article Link

The bullish momentum on the London Metal Exchange resumed on Monday May 17, following a pullback at the end of last week, with lead and zinc leading and returning to prices they had hit one week earlier when most metals set new LME year-to-date peaks.

At $3,014 per tonne on Monday at 5pm, LME zinc's three-month price had the largest increase from Friday's close of $2,938, which had been a 1.8% fall from the May 10 close at $2,991.50 per tonne. 
It was on Monday May 10 when the galvanizing metal reached a new 2021 peak of $3,063 per tonne - its highest since June 2018 - while its intraday high was $3,033 per tonne a week later on May 17. 

"Galvanized...

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