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The revolution in the market of nonferrous metals: lead and zinc have risen to historic highs

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The revolution in the market of nonferrous metals: lead and zinc have risen to historic highs

The revolution in the market of nonferrous metals: lead and zinc have risen to historic highs
November 28
09:00 2016

The market expects the increased demand for metals. This fact has led to an avalanche increase in prices of lead and zinc. According to the information published by MetaMiner, the lead price has updated the record value over the past five years. Zinc has grown even stronger, having updated the historic high in the last nine years.

The growth has been influenced by the news about the reduction of the metal production (this means that the market will experience deficit of the fossils). Also, the growth has been influenced by the statements of Donald Trump about his intension to invest the significant funds in the processing infrastructure. The stabilization of China, which is a major consumer of resources, also has had a positive impact on the dynamics of zinc and lead. Experts remind that after three years of decline, nonferrous metals have shown a positive trend since the beginning of 2016. The increase is about 30%.

Particularly, zinc has shown the strongest growth. The asset has risen in price by 80% since the beginning of the year.

During Monday the quotation of zinc futures has risen by 5.4% at the London Metal Exchange (the LME). During the trading day, the growth has slightly slowed down (to 4.8%). A similar situation is being observed with lead on the same stock exchange: the quotation of contracts has increased by 7.2% with a slowdown to 3.4%.

Please, pay attention to copper. It also shows the confident growth (an increase has amounted to 2.1% during the bidding process on Monday). Experts predict that by the end of November copper will have updated the high at least over the last five years.

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