Nyrstar's shut Dutch smelter invigorates zinc bulls
Nyrstar's decision to close the Budel smelter drove zinc on the LME to $3,819 a tonne on Tuesday, the highest since June 9.
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Nyrstar's decision to close the Budel smelter drove zinc on the LME to $3,819 a tonne on Tuesday, the highest since June 9.
Copper reversed losses alongside a broader rally across markets after data showed the lowest reading in a year for longer-term inflation expectations. But the red metal is still set for a 7.6% loss this week, the steepest weekly decline in a year.
Copper-related exchange traded funds rebounded Friday after the copper market suffered through its worst weekly pullback in a year.
The world’s second-largest economy shrank by 2.6% in the three months ending in June.
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