Base Metals Continue To Face Bearish Headwinds ...Middle East

OILPRICE - Economy
Base Metals Continue To Face Bearish Headwinds
source : OILPRICE ( Middle East ) () 29
By AG Metal Miner Like most base metals, the zinc price index rose during the first week of November. However, the 15th marked the last day of zinc’s sharp rally, as prices soon began to cool down and return back to prior support and resistance zones. As with other metal production facilities, Zinc smelters use a lot of energy. And with the growing number of global zinc smelter shutdowns this year, the zinc price index remains volatile. However, the sharp rally at the beginning of the month didn’t mark a true reversal. In fact, the…

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