LME Zinc Hits Nearly 10-Year High on China Reason

Published: Aug 16, 2017 17:45

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LME zinc reached a 10-year high on Wednesday since recent big gains in steel prices boosted raw material markets.

SHANGHAI, Aug. 16 (SMM) – LME zinc reached a 10-year high on Wednesday since recent big gains in steel prices boosted raw material markets.

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LME zinc rose 1.6% on August 16 to breach $3,000 per tonne.

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China’s infrastructure construction has driven up steel prices sharply over the past few months.

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