Zinc Hits Four-Year High As "Extremely Thin" Physical Supply Fuels Squeeze

Zinc Hits Four-Year High As "Extremely Thin" Physical Supply Fuels Squeeze Zinc futures in London are headed for their largest monthly close since January, with prices hitting four-year highs this week amid tightening physical supplies. London futures for the industrial metal initially gained as much as 1% before reversing course. Zinc fell .8% to $3,861 a ton as of 11:40 a.m. local time, halting a seven-day rally. Despite the pullback, zinc's physical market remains extremely t...

By Tyler Durden