Zinc and copper are essential
In the automotive industry, and not only there, zinc and copper are indispensable. The supply of zinc on the European market is limited. By the end of May, zinc inventories on the LME had fallen by a good eleven percent compared with April. As a result, zinc inventories in Europe were almost empty at the end of May. Currently, zinc costs just under US$3,600 per ton. The average AME Europe zinc spot price in May was US$3,785 per ton. So, the price is still some way off the April peak of US$4,527