zinc

London Metal Exchange set to establish copper and zinc delivery point in Jeddah 

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RIYADH: Jeddah is set to become a significant hub for copper and zinc metals as the London Metal Exchange plans to establish a new warehouse in the city. To enhance Saudi Arabia’s position as a global alloy center, the LME is consulting to fine-tune its warehouse location framework, specifically addressing provisions related to depot operator … Read more

Copper steadies on China financing data; zinc and lead hit new lows

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LONDON: Copper prices steadied on Friday after a week of heavy losses as investors got a glimmer of hope that top metals consumer China was bolstering its economy with financing measures, according to Reuters. Zinc and lead, however, touched fresh lows as gains in inventories highlighted weak demand and oversupply. Data on Friday showed that … Read more