The prices of zinc, Nickel and lead in the environment is updated at least a few years


Moscow. November 18. The prices of zinc, Nickel and lead in the course of trading on Wednesday fell to lows for several years on the backdrop of a strengthening dollar and worries that demand in China will continue to drop, reported Bloomberg.

Copper traded on the London metal exchange (LME), also getting cheaper, with the exception of aluminum, the price of which is weakly increasing.

Zinc for delivery in three months lost 1.9% of its value, dropping to $1518,50 per tonne – its lowest level since July 2009. The price of Nickel fell 0.9% to the lowest level since 2008, lead – by 1.5%, to the lowest level since 2010.

“Chinese history and the growth rate of the US dollar are major factors, said the analyst of commodity markets from Fat Prophets David Lennox. – The strengthening of the dollar creates a negative for all commodities, the prices of which are fixed in US dollars. In the near future and the end of the year metals will be hard to start moving up.”

Chinese President XI Jinping at the APEC summit on Wednesday acknowledged the downside risks for growth in the Chinese economy, but expressed confidence that the economy is flexible, stressing the intention of the authorities to continue the reforms.

In 2015, the index of six base metals on the LME fell by 25%. As expected, this year will be industry the most difficult time since the global financial crisis of 2008.