SMM

Overnight, LME zinc opened at $2535/mt, hitting a low and high of $2535/mt and $2615.5/mt respectively, and closed at $2607/mt, up $57/mt or 2.24%. LME zinc stocks were unchanged at 69,225 mt. Both the overall CPI and core CPI in the United States were lower than expected, boosting hopes that the Federal Reserve has completed raising interest rates. The U.S. dollar index fell sharply.