Zinc breaks through $3 000 barrier as metals rally gathers pace

Zinc surged above $3 000 a metric ton amid persistent global deficits, and aluminium climbed as China reined in illegal capacity, adding fresh impetus to the rally even as some investors expressed concerns. Zinc jumped as much as 2.6% to $3 037/t on the London Metal Exchange, the highest level since 2007, and traded at $3 029 at 1:20 p.m. in London. Aluminium gained as much as 1.3% to $2 075.50/t, the highest since November 2014, while nickel, copper and lead all traded higher.