Zinc trading range for the day is 173-180.4. Zinc dropped on the concerns about excess supply and pressure seen after China's zinc smelters are accepting record low fees to produce metal amid a shortage of ore. The sharp drop in fees signals a long-heralded zinc market shortage may be closer to reality. Global mine supply has been shrinking after several big mines closed and others slashed output as prices fell to a 6-1/2-year-low in January.
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