All CSD metals, lead, zinc and tin continue to rise. BEEP!!!...

All CSD metals, lead, zinc and tin continue to rise.

BEEP!!!

Zinc prices jumped to their strongest since October 26, 2015,  at $1,767, and while it has since drifted lower – it last traded at $1,749 – it was still up $26 on the close. It is finding some support from news that Australia’s CBH Resource mine will cut zinc production by around 80 percent.  Stocks and cancelled warrants were both 1,275 tonnes lower at 460,800 tonnes and 88,275 tonnes respectively.  

Lead was also higher as it surged to the strongest since July last year when it peaked at $1,849, up $25.50.  The metal has found support from technical buying by funds who were covering their short positions, LME RDM Triland noted. Stock moves were minimal, down 100 tonnes to 183,625 tonnes.

Tin broke above $16,000 for the first time since October last year, although it has pared back some of these gains and was last at $15,820, still up $175. Stocks were unchanged. The market has been underpinned by news that heavy rains in the key Indonesian tin mining region of Bangka-Belitung has put some mines out of action.

- See more at: http://www.fastmarkets.com/base-met...choppy-conditions-108679#sthash.UsRNvX8P.dpuf