Zinc Prices Soar as Raw Materials Squeeze Impacts Smelters

Zinc prices rose due to raw materials shortage.

Raw Materials Shortage Forces Smelters to Cut Production: Expert Insights

Zinc smelters reduced production amid raw materials squeeze.

Expert Trading Tips and Analysis for Zinc, Gold, Silver, Crude Oil, and Natural Gas

  • Zinc Trading Tips: Buy zinc futures.
  • Gold Trading Tips: Monitor gold prices.
  • Silver Trading Tips: Watch for breakout above $18.50.
  • XAUUSD Trading Tips: Buy on dips.
  • Crude Oil Trading Tips: Monitor oil supply.
  • Natural Gas Trading Tips: Track weather forecasts.

Key Market Data:

  • Zinc prices rose 3% to $2,500/ton
  • Chinese zinc imports increased 10%
  • Global zinc production fell 2%

Market Outlook:

The current market sentiment is bullish for zinc.

Technical Analysis: Zinc Prices

  • Support levels: $2,400, $2,350
  • Resistance levels: $2,550, $2,600

Trading Strategies for Zinc Amid Raw Materials Volatility

Investors await supply chain updates.

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Additional Sections:

Impact of Raw Materials Squeeze on Zinc Markets

How to Trade Zinc and Other Base Metals Amid Uncertainty