Fundamental analysis by بورس24 | Bourse24 about Stock ذوب on 9/13/2023

✅ A positive outlook for the zinc industry Stock Exchange 24: Zinc prices rose to nearly $ 2490 per tonne and are currently trading at $ 2479. It is worth noting that the price is around the highest level of the last three weeks, as concerns about the prolonged monetary contraction by the Federal Reserve have faded and hopes for improved China's situation as the main buyer have increased. The prominent Chinese creators have released poor three -month results that led the government to take supportive measures. In its latest action, the central bank issued notes to reduce some borrowing laws, including reducing existing mortgage rates for housing buyers and prepayment rates in some cities. Also, low inventory in China's LME and PMI warehouses reinforced these feelings. Looking at the future and the average growth of 1.4 percent in the global demand, the treated forecasts further prices in 2023. Meanwhile, global supply is expected to increase 1.9 percent, which is attributed to the reduction of energy costs in Europe. The production of the smelting plant in China is still limited due to electricity constraints. 🔗 Read more ... @Bourse24ir