Zinc hits eight-year high, copper eyes $4,000/T

Oct 17, 2005 | 10:32 AM | Rory Carroll

Zinc surged past $1,500 a tonne Monday, ending the London Metal Exchange's final kerb session at $1,520, its highest price since August 1997.

A continuing shortage of zinc concentrate coupled with strong fundamentals could push the white metal past $1,550 per tonne this week, analysts said.

"With the market in deficit this year and next, everything points to zinc going higher," base metals analyst Robin Bhar said.....

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