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 | 14 Mar 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 said it plans to temporarily close two zinc mines in the U.S. state of Tennessee at the end of November due to weak prices and the impact of inflation, a third shutdown of zinc operations by producers in recent months. Netherlands-based Nyrstar, which is wholly owned by trading and logistics company Trafigura, said in a statement it will "temporarily pause production operations" on Nov. 30 at its Middle Tennessee Mines. That operation consists of two underground zinc mines, Gordonsville and Cumberland, according to Nyrstar's website.