Chinese smelters to the rescue China’s Shaanxi Dongling confirmed on Thursday a 62.5% cut to its own production indefinitely to 9,000 tonnes per month in May from 24,000 tpm previously, as well as calling for an industry-wide 10% output cut similar to the coordinated cuts seen early last year. But it...
Zinc prices staged a modest rebound last week as a pull-back in the dollar reduced selling pressure in the base metals. Broader marker concerns around escalating trade uncertainties have also eased somewhat, although this may prove temporary. Supply-side developments have also helped sentiment in zinc as major Chinese smelters are discussing plans to cut production, although judging by the soft finish on Friday, zinc bears have largely discounted the news.
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