Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Base metalsZinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months, with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs this week. A widening contango in forward price spreads on the LME is contributing to bullish bids on miners' copper concentrate sales to traders. In other copper news, Canadian copper producer Capstone has sold its Minto mine for $37.5 million to mining company Pembridge Resources and Jinchuan Group has halted half of the copper refining output at its plant in the Chinese province of Gansu. The largest LME aluminium delivery in four years looked to push spreads back in to contango earlier this week...