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Zinc Price Increased 60 % in 2016 fulled by fears of shortages

Zinc Price Increased 60 % in 2016 fulled by fears of shortages

Zinc trading range for the day is 176.7-184.9.Zinc rose as the dollar fell and on expectations of a continued shortage in supply for the metal used to galvanize steel. Zinc rose 60 percent in 2016 fulled by fears of shortages after some major mines were closed or suspended. The metal on the LME ended 1.8 percent higher to $2,667 per ounce, a level last seen on Dec. 19.

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