Zinc hit a nine-month peak and other industrial metals also gained on Friday, lifted by optimism about a US-China trade deal and potential shortages due to low stocks and mine disruptions.
US Treasury Secretary Steven Mnuchin said he had held “constructive” talks in Beijing aimed at resolving a bitter trade dispute between the world’s two largest economies.
Zinc prices have rebounded 24 per cent from a low hit in early January, boosted by hopes for a trade deal.
“If they can make further progress, it removes one of the headwinds to further rallies given that the fundamentals are still pretty sound,” said Robin Bhar, head of metals research at Societe Generale in London.
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials. Their projects in South Africa include the Hernic Platinum Project, DCM Platinum & Chrome Project and the PlatCro Platinum Project.
