Commodity Market Report
Global zinc short-term outlook August 2024
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Report summary
TCs for both imported and domestic concentrate in China fell to their lowest levels on record. Meanwhile, July’s sell-off was sustained into August, taking the zinc price below $2600/t, amid a broad-based sell-off in financial markets driven by concerns about a slowdown in the US economy. Growing expectations of a cut to interest rates by the Federal Reserve helped reverse the decline in the zinc price and this was lent additional momentum by news of planned smelter production cuts in China.
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