Zinc Rises to Highest Since 2007 as Metals Rally on China Demand
- Lead and zinc soar by daily limit on Shanghai exchange
- Seems to be no stopping juggernaut in LME metals, Meir says
Goldman Sachs Goes Long Commodities in Reflation Trade
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The rally in metals is showing no signs of slowing down.
The Bloomberg Industrial Metals sub-index posted the biggest five-day gain since 2011, as zinc touched a nine-year high. Prices rallied after China’s top economic commission approved a $36 billion plan on new rail links around Beijing, boosting demand for industrial raw materials.