Zinc was the best performer on the London Metal Exchange at the close on Monday January 29, while the other metals diverged.
Zinc's three-month price was up $72, or 2%, to $3,550 per tonne, mostly on the back of supply-side factors. Tighter stocks on the LME and adverse weather in zinc-producing provinces of Northwestern China, which makes it difficult to transport zinc out of the region, have helped support the metal, said Xiao Fu, head of commodity markets strategy at Bank of...