SMM

Overnight, LME zinc prices opened at $2499/mt, and closed at $2543/mt, up $44/mt or 1.76%. Trading volume decreased to 6355 lots, and open interest grew 1541 to 204,000 lots.  LME zinc inventory increased by 900 mt to 211750 mt, an increase of 0.43%. The weak performance of the U.S. dollar index overnight provided support to LME Zinc, but business activities in the euro zone fell again in November, exacerbating concerns about economic recession.