Zinc Rallies as Glencore Temporarily Halts Mine in Australia
- Zinc rallies as Glencore temporarily halts mine after cyclone
- Investors emboldened by stronger risk appetite, weaker dollar
Copper rose 1.6% to $9,067 a ton on the London Metal Exchange as of 10:01 a.m. in Shanghai.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
Zinc rallied after Glencore Plc temporarily ceased operations at its McArthur River zinc and lead mine in northern Australia due to a cyclone.
Prices rose as much as 2.5% to $2,571.50 a metric ton on the London Metal Exchange after the mining site experienced heavy rain that made landfall on Monday.