Weekly Fundamentals – Zinc Rallied on tighter Supply Outlook; Iron Ore Prices to Retreat Further in Coming Months

Industrial metals rose across the board with zinc the best performer. Tighter supply outlook is boosting the price with LME's 3-month forward soaring to a decade high and settled +7.85% higher for the week. Against the tide was iron ore price which retreated after gaining almost +20% over the past 5 weeks. While still no reflected in the market...

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