Reuters
Melbourne
London zinc and nickel were set to log a second week of gains on Friday as traders bet that supply side constraints would lift prices already supported by expectations of easier central bank policy after Britain´s decision to leave the euro zone. "Supply-side issues (are) likely to support metal markets today," said ANZ in a research note.
A drop in global zinc mine supply this year has squeezed production of refined metal, helping LME zinc prices to jumped by 6.8 percent so far this month, adding to June´s near 10 percent gain.
Meanwhile, LME nickel has been boosted by concerns Philippines will intensify a crackdown on miners that do not meet environmental standards, potentially putting at risk supply from the worlds´ top exporter of nickel ore. LME zinc traded at $2,250 a tonne on Friday, down 0.2 percent, amid light profit-taking after prices reached the highest since May 2015 on Thursday at $2,294.50 a tonne.
The headquarters of the Sui Southern Gas Company . — APP FileKARACHI: Sui Southern Gas Company has launched a fresh...
The logo of the ExpoMed Eurasia. — CA MI websiteKARACHI: Pakistan is participating in ExpoMed Eurasia, a leading...
Gold bars are seen in this undated file photo. — AFP/FileKARACHI: Gold prices increased by Rs500 per tola on...
FFBL Head Office building can be seen in Islamabad. — FFBL WebsiteKARACHI: Fauji Fertilizer Bin Qasim Limited has...
Representational file of an BMW car. — AFP FileLAHORE: Small improvements in economic credentials of the country are...
A fuel station worker filling petrol in vehicle at a fuel station in Karachi on Tuesday, April 16, 2024KARACHI: After...