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Zinc gains supported by firmness in other base metals despite LME

Zinc gains supported by firmness in other base metals despite LME

Zinc trading range for the day is 183.1-189.9. Zinc gains supported by firmness in other base metals despite LME prices settled down hurt by the hike in Chinas interest rates that spurred a sell-off in metals. Chinas January business survey showed activity expanding at a healthy clip while German new industrial orders surged 5.2 percent in December. Markets are, however, caught between strong economic data and political uncertainty associated with U.S. President Donald Trump’s administration.

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