SHANGHAI, Dec 4 (SMM) – Zinc inventories across LME warehouses extended their decline on Monday December 3, to the lowest in over ten years, to 112,575 mt, showed LME stocks data. 

SHFE data showed that zinc stocks across LME warehouses also dipped to a 10-year low of 26,779 mt as of Friday November 30, down 24% on the week. 

Such declines in inventories are set to underpin rebounds in both LME zinc and SHFE zinc contracts.