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Zinc futures rose to $3,830 per tonne, the highest level in four weeks, supported by declining inventories, high electricity costs and tight near-term supply. Stocks held on the Shanghai Futures Exchange dropped 5% from the previous week to 137,139 tonnes, marking their lowest level since March, while inventories on th
Eos Energy Enterprises said a commercial collaboration with Google and MN8 Energy will use its Z3 zinc-based long-duration battery system at the Mammoth Solar project in West Virginia.
Zinc rises to 3,804.00 USD/T, its highest level since June 2022, after gaining 5.76% over the past 4 weeks and 35.37% over 12 months.
***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its