Bloomberg reported that China has strengthened its use of zinc as the state finances spending on construction according to CRU.
As quoted in the market news:
Orders are picking up sharply,” London-based analyst Graham Deller said by phone. “The bulk of zinc used in China is within domestic construction. The uptick in construction orders, especially government-funded construction, which happened the third and fourth quarter of last year — that’s feeding into physical demand. Galvanizers have a lot of business.
