Zinc: Glencore’s warning on smelters boosts price

Zinc prices on the London Metal Exchange (LME) jumped to six-week highs last week after Glencore warned of continued margin compression at its European smelters. The commodity company has suspended part of its Portovesme, Italy, smelter at the end of 2021 due to high electricity prices. The European energy crisis worsened considerably in the following […]