Zinc Climbs for Third Day as U.S., China Demand Outlook Improves
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Zinc advanced for a third day after economic data pointed to improved demand prospects in China and the U.S., the two largest consumers of industrial metals.
Zinc in London rose as much as 0.6 percent. China’s exports increased 11.6 percent from a year earlier, the customs administration said Nov. 8, more than the 10.6 percent median estimate in a Bloomberg News survey of economists. In the U.S., the jobless rate fell to 5.8 percent, the lowest in six years, official data showed last week. China’s factory-gate prices fell for the 32nd straight month, the National Bureau of Statistics said today.