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Saturday, November 25, 2017 - 9:09:37 PM
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Mining News Agency - Zinc prices rallied to their highest level in two-weeks driven by persistent supply concerns.
Mining News - Zinc prices hit a two-week high on Wednesday (November 22) supported by persistent supply worries.
LME zinc closed up 1.2 percent at $3,228 per tonne after touching $3,240 earlier in the day, its highest level since the beginning of the month.
Environmental inspections in China, the world’s top zinc-producing country, have resulted in reduced production or the closure of many zinc mines across the country, fueling shortages concerns.
“In zinc, reduced Chinese mine production will keep balances tight, supporting prices over the next six months,” JP Morgan (NYSE:JPM) said in a note.
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