Zinc trading range for the day is 211-217.2. Zinc gained on short covering after prices remained under pressure after U.S. President announced plans to impose tariffs up to $60 billion of Chinese goods. As per ILZSG report LME Zinc price could drop back to $3,000 per tonne, as up to 880,000 tonnes of new zinc capacity is expected to come on line this year. More supply could be met with sluggish demand at the end of the year, which would see the metal unable to maintain its current high levels.
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