LIVE FUTURES REPORT 08/09: LME zinc slips 2% in complex-wide downturn; C/3M spread widens

September 09, 2020 / www.metalbulletin.com / Article Link

The London Metal Exchange three-month zinc price lagged in morning trading on Tuesday September 8, tumbling by some 2% despite a widening in its forward curve, while fresh concerns of US-Sino trade tensions and rising coronavirus cases pushed the complex lower.

Total global coronavirus cases are now at more than 27 million, with total deaths now at 887,526, World Health Organisation (WHO) data shows, while many European countries continue to face re-emerging waves of the virus. US President Trump vowed to take a continued protectionist stance against trade relations with China on Monday, suggesting that a presidential win for opponent Joe Biden would allow China to take greater control of US industry through trade.LME zinc's outright price was recently trading at $2,456.50 per tonne,...

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok