Watching the zinc technicals with great interest.....
London Metal Exchange cash nickel jumped by 2.7% to US$9726 per tonne, while zinc was up by 1.3% to $2783.50/t.
“China’s zinc imports surged higher last month, in a sign that demand conditions remain positive,” ANZ Research said.
“Imports of refined zinc in June rose 28% year-on-year to 41,713 tonnes. This was also up 25% from May.
