Zinc breaks through $3500/t

ZINC was one of the few bright spots on Friday, reaching a new decade-plus high.

Zinc breaks through $3500/t Zinc breaks through $3500/t Zinc breaks through $3500/t Zinc breaks through $3500/t Zinc breaks through $3500/t

London Metal Exchange cash zinc broke through US$3500 per tonne on Thursday, and extended those gains on Friday, rising by a further 0.5% to $3519.50/t.

Zinc is up by nearly 5.5% so far this year and by close to 10.8% since the start of December.

Cobalt was another standout, rising by another 0.3% to $79,623/t, the highest close since the metal started trading on the LME.

It comes after the Democratic Republic of Congo passed a new mining code.

Copper dropped for the second day running, but remained above $7000/t.

Nickel rose to its highest level since June 2015 on Thursday, but dropped by 0.3% to $13,618.50/t on Friday.

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