Zinc hits lowest since July 2016
London zinc prices dropped to their lowest in more than three-and-a-half years on Monday, as rising inventories stoked fears of oversupply and investors fretted over the rapid spread of coronavirus in several countries outside China. Three-month zinc on the London Metal Exchange (LME) dropped as much as 2.3% to US$2 066.50 a tonne, its lowest since July 2016, while the most-traded zinc contract on the Shanghai Futures Exchange (ShFE) fell up to 2.4% to 16 620 yuan (US$2 365.67) a tonne, its lowest since August 2018. Photo Nampa/Reuters
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