“Zinc futures skyrocketed to above Us$4,000 a tonne in the first trading week of March, a level not seen since May of 2007, on lingering concerns of further supply disruptions due to prolonged high energy prices.
Mounting sanctions on Russia for invading Ukraine led to an international energy crunch, which, in turn, could spark additional supply disruptions of energy-intensive zinc if European smelters decide electricity prices are too high to keep smelters running.”
Zinc price currently at US$4,123 up 5.17%.
Jim.
RTR Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
