LME zinc futures at pre-LME Week levels while nickel price falls 2.2%

November 04, 2021 / www.metalbulletin.com / Article Link

Zinc's three-month price on the London Metal Exchange on Wednesday November 3 touched its lowest since October 13, with prices in the base metals complex ending the day on a mixed note ahead of the US Federal Reserve Bank's Federal Open Market Committee press conference.

Zinc reached $3,263 per tonne on Wednesday, its lowest price since announcements by Nyrstar and Glencore that production in Europe would be reduced due to rising energy costs, which spiked the galvanizing metal's price to a 14-year high of $3,944 per tonne on October 15.

The price rebounded to $3,307 per tonne at the 5pm close of trading, but this was a 1%...

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