Mine Closures and Shortages are Sending Base Metal Zinc Higher – Weekly Market Wrap Up

Zinc’s spot-price was already on a positive trajectory following extended buying on forecasts of shortages of the metal due to mine closures and as a proxy for recovering global growth. Zinc is used heavily in penny production which will inevitably rise beyond the cost of the underlined face value of the one-cent coin. The question is, at what point will people hoard pennies just for the metal content inside of the coin? Forecasts, projections, and more are all included in this week's edition.
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