Previous Close | 0.0850 |
Open | 0.0850 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 0.0850 - 0.0850 |
52 Week Range | 0.0500 - 0.0850 |
Volume | |
Avg. Volume | 0 |
Market Cap | 15.286M |
Beta (5Y Monthly) | 4.85 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Mar 14, 2016 |
1y Target Est | N/A |
Fund managers have been scaling up short positions on zinc, betting that this year's weakest base metals price performer has further downside. Investment fund positioning is now the most bearish it's been since the London Metal Exchange (LME) first launched its Commitments of Traders Report in 2018. LME three-month zinc, currently trading around $2,400 per metric ton, is already down by 8% on the start of the year.
Fund managers have been scaling up short positions on zinc, betting that this year's weakest base metals price performer has further downside. Investment fund positioning is now the most bearish it's been since the London Metal Exchange (LME) first launched its Commitments of Traders Report in 2018. LME three-month zinc, currently trading around $2,400 per metric ton, is already down by 8% on the start of the year.
Nyrstar will suspend its Budel zinc smelting operations in the Netherlands in the second half of this month owing to high energy costs and market conditions, it said on Monday. Nyrstar, which is wholly owned by trading and logistics company Trafigura, said it will put the operations on "care and maintenance", which stops production but continues maintenance so it can reopen in the future. "This decision follows a thorough and extensive review and is a direct response to ongoing and projected high energy costs as well as deteriorating market conditions," Nyrstar said.