The Latest News Regarding Zinc Futures. Posted By https://www.bullionsignals.com/. C/w:-6396479818
Zinc Gains After Sluggish US Retail Data Revamped Bets Of A Rate Cut By Fed.
Zinc exhibited a robust 1.64% increase, settling at 214.3, driven by renewed expectations of a rate cut by the Federal Reserve in the second quarter following lacklustre retail data from the U.S. The anticipation of looser monetary policy sparked increased industrial demand, particularly for economies connected to U.S. credit markets, bolstering the outlook for base metal inputs.
However, challenges persist in the zinc market as the Russian Ozernoye mine announced a delay in zinc concentrate production until at least the third quarter of 2024, with a full capacity ramp-up now expected in 2025.
