The price of zinc fell to a minimum for the year on the back of concerns about the slowdown in the growth rate of China's economy. On Monday, during the bidding on the London Metal Exchange, its value fell by 2.7% to 2 thousand 507.5 dollars per ton. Since the beginning of the year, zinc has fallen in price by 24%. According to the State Statistical Office of the PRC, China's economy slowed to 6.7% in the second quarter after an increase of 6.8% quarter-on-quarter in the second quarter. According to analysts at Morgan Stanley, the trade war between China and the US can further slow down the growth of the Chinese economy in the near future. At LME on Monday, there was a decline in prices for all metals except aluminum.
Honda to resume auto production in China plants on February 2114.02.2020
South Korea pledges emergency measures as virus outbreak in China affects economy13.02.2020
Foxconn: recent Reuters report on factory resumption in China, not factual12.02.2020
China can fortify stimulus if growth slows further amid virus spread, IMF says