FORUM

Russians think zinc

A HEADY week. Gold has climbed above $US625 an ounce (albeit on the back of a weaker dollar) and zinc has continued its record-breaking run (the price has doubled this year). With regard to the latter, Russia's Chelyabinsk zinc plant couldn't have chosen a better time for its initial public offering. The IPO in London and Moscow was 11 times subscribed, and raised $US336 million (valuing the zinc producer at $US850 million). <i><b>London Calling</i> by Chris Hinde</b>.