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LONDON: Zinc prices climbed on Friday, lifted by fears of further smelter closures owing to high power prices, while some other metals gained after better than expected Chinese factory data.
Three-month zinc was the biggest gainer on the London Metal Exchange (LME), advancing by 1.4% to $2,971 a tonne by 1600 GMT.
“The supply side has really deteriorated in zinc, which is one of the few metals that has quite a big production base in Europe,” said Caroline Bain, chief commodities economist at Capital Economics.