Global zinc market deficit narrows slightly in Oct

LONDON: The global zinc market deficit narrowed slightly to 17,000 tonnes in October from a deficit of 20,000 tonnes in September, data from the International Lead and Zinc Study Group (ILZSG) showed on Wednesday.

In the first 10 months of the year the zinc market saw a deficit of 277,000 tonnes versus a surplus of 201,000 tonnes in the same period last year.

Benchmark zinc prices on the London Metal Exchange hit $2,985 a tonne last month, their highest since October 2007, on worries about shortages.