Aluminum, Zinc Gain From November Lows on Chinese Demand
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Aluminum and zinc rallied on speculation that prices near the lowest levels since November will stoke demand from China, the world’s largest user.
Zinc for delivery in three months climbed as much as 1.2 percent to $1,984 a metric ton on the London Metal Exchange, and was at $1,970.50 at 1:43 p.m. in Shanghai. The metal tumbled to $1,928 yesterday, the lowest price in intraday trading since Nov. 23. Aluminum rose 0.2 percent to $1,956 a ton, after dropping to $1,934.85 yesterday, the lowest since Nov. 22.