The three-month zinc price on the London Metal Exchange was lower at the close of trading on Thursday February 20, falling by more than 1% but holding above the nearby support level, while nickel failed to reduce its losses despite low turnover.
Zinc's outright price on the LME closed at $2,112 per tonne in the afternoon, with daily trading volumes the second-highest across the base-metals complex at some 7,600 lots exchanged by the close.The price for the galvanizing metal slipped from an intraday high of $2,149 per tonne in the early hours of Thursday, to the day's low of $2,109 per tonne at 3:53pm, UK time.Prompting the downturn, LME zinc stocks continued gradually to increase, with the metal's total...