Friday, February 16, 2007
ZINC
0843 GMT [Dow Jones] Zinc's recent move through the psychologically important $3400 a metric ton level is attracting fresh money to the London Metal Exchange market and will likely trigger further gains, a broker notes. Short covering and technical buying adds to the momentum, with prices holding either side of $3400/ton in early trade. LME zinc trades last at $3395/ton, up from $3380/ton overnight and a gain of 10% on the week. (ADH)
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