Around 8% jump in zinc prices Friday flowing through to
equity markets as Zinifex (ZFX.AU), Kagara (KZL.AU) gain 7%, 6% respectively.
Helping metal's cause was recent industry conference where producers talked up
$5,000-5,500 price vs $3,775/ton currently. Less hawkish sentiment spurred by
slightly smaller-than-expected lift in U.S. inflation data, dip in consumer
sentiment also aiding metals. While zinc bias still appears to upside, as
recent profit-takers climb back in, any further upside moves likely curbed by
London,please do your own research
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