Sinking LME keeps floor under zinc premiums

Apr 11, 2013 | 04:41 PM | Suzy Waite

Tags  zinc, zinc premiums, SHG zinc, special-high-grade zinc, LME, London Metal Exchange, zinc prices, HudBay Minerals Suzy Waite

NEW YORK — Special-high-grade (SHG) zinc premiums are holding firm and could be poised to inch higher as sinking prices on the London Metal Exchange encourage some would-be buyers to come in off the sidelines, sources said.

Three-month zinc closed the official session on the LME at $1,889.50 per tonne April 11, up slightly from the previous week but still down nearly 15 percent from this year’s high of $2,214 per tonne recorded Feb. 13.....

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