ZINC NEWS 12/02/2024 UPDATE BEST TRADING TIPS FOR BEGINNERS BY https://www.youreasytrade.com GET MORE INFO CW/7302366166

Zinc Dropped As An Economic And Demand Slowdown In China Pressured Prices.

The recent downtrend in zinc prices, exemplified by yesterday’s 1.07% decrease to settle at 207.6, reflects the ongoing economic and demand slowdown in China, a significant zinc consumer.

This decline was further compounded by setbacks in the Russian zinc market, notably the delay in production at the Ozernoye mine due to sanctions and fire-induced plant damage. Originally slated for production in 2023, the mine now anticipates a start no earlier than the third quarter of 2024, with a full capacity ramp-up extended to 2025.

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