Zinc Drops on Iron Demand Concerns and Glencore Mine Restart
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Zinc fell amid growing concerns over steel demand in China, and as Glencore Plc restarted mining the metal in Australia.
Prices dropped as much as 2.2% to a three-week low on the London Metal Exchange Tuesday, tracking losses seen in iron ore as the absence of strong policy signals from Beijing fueled uncertainty on whether construction activity will pick up. Zinc is mostly commonly used for the galvanization of steel or iron.