Major European zinc producers intend to significantly raise the annual contractual premiums in 2022, citing higher production costs and strong demand, Fastmarkets has learned during LME Week 2021.
Offers were likely to be made close to or higher than $200 per tonne, nearly double the levels seen in 2021, which came in a range of $95-110 per tonne.The spot market began to be strained around summer this year, when zinc buyers found themselves short of metal...