Zinc flies the highest since 10 months – The sun 24 ORE

Botto zinc, which again has updated the record by 10 mesi al Palme. Yesterday, the metal reached a peak of 2.029,50 $/tons (three months), after the official close of Friday 2.001 $. It is the eighth consecutive session on the rise, both London and Shanghai. The trend was accelerated when zinc at LME had been the subject of strong trade, with closures that had gradually blasted the technical levels of resistance to rise, while the rise in prices led to overcoming the momentum moving averages, changing positively the technical picture. Recent increases also occurred in the copper poor phases, to which zinc has followed their own path, supported not only by technical factors. A leverage for investors there is also a constructive fundamental situation: the mineral processing expenses (treatment charge, in practice the discount on the LME prices for the sale of concentrates) They fell to 125 $ dai 205 $ Six months ago.

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