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المشهد العربي
Zinc Prices Reach Four-Year High
Zinc metal prices have experienced a significant surge to their highest levels in more than four years, driven by global supply shortages. Prices responded to the ongoing upward trend that began several months ago, with futures contracts increasing by 27% since the start of the year, and the price per ton surpassing $3,969, achieving gains of 2.10% in the latest trading session. This is due to a sharp shortage of raw materials, which has led to negative smelting fees, alongside ongoing challenges imposed by mining companies on refineries to secure raw supplies. Despite slight increases in zinc inventories, levels remain at their historic lows.
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