Zinc's Horror Run Continues on Rising Supply, Trade-War Angst
- Metal price has fallen for nine days in worst run since 2015
- Citi sees price headed for ‘bumpy grind lower’ to $2,500/ ton
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Zinc continued to slide after entering a bear market amid concern about increased supply and declining demand.
The industrial metal fell for a ninth straight session, its longest losing streak in more than three years, to trade at $2,815 a metric ton on Tuesday, the lowest in 10 months. It’s the worst-performing base metal this year on the London Metal Exchange.