GLOBAL ZINC & LEAD WRAP: Zinc premium falls in US and Taiwan, up in northern Europe

The zinc premium in the United States moved for the first time in nine months, hitting a more than three-year low amid slack demand stemming from the Covid-19 pandemic. Zinc premiums in northern Italy, meanwhile, rose after lockdown restrictions eased.

Battery giant Exide Technologies is seeking Chapter 11 bankruptcy protection under US Bankruptcy Code, announcing plans to sale of its North American business due to the "unprecedented" impact of Covid-19 No spot appetite for lead ingot in India, with the country extending its lockdown for a fourth timeChina's zinc import arbitrage window closes, but domestic demand improves due to government incentive-led infrastructure projects Zinc tonnage offered in Taiwan increases amid a decline in Japanese demandUS zinc premium falls to more than three-year low
The US premium for special-high-grade (SHG) zinc ingot registered its first change in nearly nine months, reaching a more than three-year low due to a drop in end demand stemming from  the Covid-19 pandemic.

Fastmarkets' assessment of the zinc SHG min 99.995% ingot premium, ddp Midwest US was at $0.08-0.085 per lb on Tuesday May 19, narrowing downward by...

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