BASE METALS
The rally in zinc prices has the potential to jump this year to levels not seen in a decade as demand continues to outstrip supply amid mine output disruptions, according to Hindustan Zinc, Asia’s biggest producer by market value.
Prices may rise to about $3 000 a metric ton on the London Metal Exchange in the next couple of quarters, Sunil Duggal, CEO of the Vedanta unit, said in a phone interview from Udaipur in Rajasthan. The last time prices hit that level was in 2007, according to data compiled by Bloomberg.
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