The three-month zinc price was recently trading at $3,237.00 per tonne, down nearly 1.7% while the three-month lead price dropped 1.8% to $2,513.00 per tonne.
The drop was attributed to profit-taking by investors following recent high prices.
“This morning’s weakness seems to show consolidation as recent high prices attract scale-up selling,” Metal Bulletin senior analyst William Adams said in a morning note.
Base metals drop; more than 34,000 tonnes of metal cancelled
Currency moves and data releases