Zinc CMZN3 fell 1.2 percent to $2,707 after touching $2,691.50, the lowest since Jan. 17, as investors awaited more evidence that closures and suspensions of major mines last year were tightening the refined market.
"In zinc the story has not changed much since last year. The concentrate market is likely at peak levels of tightness; however, so far this year, refined tightness has yet to fully arrive," JP Morgan analyst Natasha Kaneva said in a note.
reuters' 08/03/2017
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