Although zinc suffered quite heavily during the February pull-back, the rebound has been aggressive and the mid-February to mid-March sell-off now looks like a continuation pattern. LME three-month zinc prices had recovered to fresh highs by March 17, from which point there has been no looking back. The market has stormed relentlessly higher over the subsequent weeks, and is now toying with 3,000 dollars /tonne for the first time ever. It reached 2,990 dollars/tonne on April 12 after having rallied in virtually a straight line since breaking above 2,400 dollars /tonne just 18 trading days earlier - an increase of 25 percent in less than four weeks!
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