Base metals prices on the London Metal Exchange were on divergent paths at the close on Friday January 19, after a week of volatility.
Zinc and tin both set fresh 2018-highs during the early morning London session, sustaining their gains throughout the day to close in positive territory."Zinc is forecast to continue its strong rally as global production is on track to trail demand for a third straight year, according to Japan's top smelter Mitsui Mining & Smelting Co," John Meyer at SP Angel said."The metal, primarily consumed in galvanized steel manufacture, is expected to be sustained near the highest levels in a decade as the prices inch above $3,400 per tonne and average 2018 prices are forecast at ?2,950 per tonne," he added.Zinc is also supported by falling LME stocks with...