S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketZinc futures in the UK rose to $3,220 per tonne, approaching the three-year high of $3,250 on January 6th, aligned with the momentum for base metals on concerns of tight supply. Refined zinc production was on track to fall 2% last year despite the 6.3% jump in mined output, consistent with output curbs among smelters in Kazakhstan and Japan, with the latter being pressured by the closure of the key Toho Zinc Annaka plant. Likewise, treatment charges for zinc rose toward $100 per ton after being negative $115 in the end of last year, according to private surveys. Consequently, stocks at the LME sank to 100 thousand tonnes, compared to 230.5 thousand tonnes at the start of last year, after their near depletion of on-and off-warrant stocks at the start of the fourth quarter. Base metals also received broad support from expectations that electrification push and datacenter investments would maintain consumption of industrial inputs despite headwinds to global growth.
