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Zinc Gains Supported By Optimism About Chinese Policy Support After A Seasonal Lull.
Zinc closed with a modest gain of 0.22%, settling at 227.65, supported by positive sentiment regarding Chinese policy support following a seasonal lull. The metal’s upward trajectory was further bolstered by a reduction in bank reserves in China, aimed at injecting approximately $140 billion into the banking system. The move comes as part of broader efforts by China’s central bank and cabinet to stabilize market confidence, pledging more effective measures, including increased medium- and long-term fund injections in the capital market.
