Zinc Reaches Six-Year Low, Leading Metal Losses on China View
- Metals slump after weaker-than-expected China inflation data
- Production-cut announcements are failing to reverse slide
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Zinc dropped to the lowest since 2009, leading declines in industrial metals after weaker-than-expected inflation in China added to concern about slowing growth.
Chinese equities fell the most in a week after the inflation figures, the latest data to show monetary easing is failing to arrest a deepening economic slowdown. The country is the world’s biggest metals consumer. All six main contracts on the London Metal Exchange declined.