Zinc prices dropped as pressure seen as LME on warrant stocks surged 16 percent to 166,650 tonnes, their highest since mid-March.
As per ILZSG report LME Zinc price could drop back to $3,000 per tonne, as up to 880,000 tonnes of new zinc capacity is expected to come on line this year.
Warehouse stock for Zinc at LME was at 207325mt that is down by -2175mt.
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