LME zinc fell to $3,283/mt in the first half of last week as the continuous deliveries in Asia led to increasing LME inventory and bearish sentiment pervaded on the announcement of bond-buying tampering by the Fed.
Metal trading early mixed strong shock of Shanghai aluminum rose more than 1 5% coking coal rose 4 26% [SMM comment]_SMM
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Metal prices are mixed Lead in Shanghai has fallen by more than 1 8% Black series gains have narrowed [SMM afternoon Review]_SMM
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[selected by SMM Zinc Weekly: electricity prices in Europe remain the main risk.] this week, France's EDF will shut down two reactors at its Chooz nuclear power plant until the spring, which will exacerbate power shortages in Europe when French electricity prices soared 37 per cent to 540 euros per megawatt yesterday and may also have an impact on neighboring countries. The situation has had another impact on zinc smelters. Nyrstar said on Thursday that its Auby zinc project would begin maintenance from the first week of January 2022 in response to the current and future expected sharp rise in electricity prices in France.