The latest metal markets news and price moves to start the North American day on Monday March 5.
The three-month zinc price is trading 1.5% lower on the London Metal Exchange, following a large stock delivery into New Orleans.On-warrant stock levels in LME-listed warehouses in New Orleans have almost doubled following the 78,950 tonne delivery. This is the largest one-day net increase for zinc stocks in this location since July 2013. The backwardation in the cash/three-month spread has narrowed significantly...