Zinc Prices Rise to 35-Month High as Inventories Decline
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Zinc prices climbed to a 35-month high as inventories extended a slump amid signs of higher demand.
Stockpiles monitored by the London Metal Exchange have dropped 29 percent this year to the lowest since December 2010. Demand for refined zinc will exceed output by 250,000 metric tons this year, according to BNP Paribas SA. Commodity consumption may climb in China, the world’s biggest user of industrial metals, Morgan Stanley said on July 11.