LME zinc spot prices continue to rise as the market worries about insufficient deliverable resources.

LME zinc spot prices continued to rise, reaching a new high for the past four years. According to LME data, available zinc inventories have dropped to only 73,850 tons. Currently, three entities hold a significant amount of zinc warehouse receipts and cash contracts, giving them substantial influence over the deliverable supply, intensifying market concerns about insufficient deliverable resources.