Fitch raises zinc price forecast but warns rally will lose steam

Fitch’s country risk and industry research division said it had revised its forecast for 2020 up from US$2,100 per tonne to $2,200/t, driven by recovery in Chinese demand. Zinc prices fell by 17.3% over the first three months of 2020, but have since recovered to post new highs for the year. Three-month zinc averaged $2,121/t over the first eight months of the year, reports Mining Journal.

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