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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