Zinc price up as owners of zinc in Malaysian warehouses wanted to withdraw some of it from available stocks

LME data on Tuesday showed owners of more than 18,000 tonnes of zinc in warehouses in Malaysia gave notice that they want to withdraw the material, reducing available stocks by 30%. (File pic: LME metal trading)

LONDON: Zinc prices jumped on Tuesday on concern over potential shortages resulting from falling inventories and possible reductions in smelter output because of high energy prices.

Three-month zinc on the London Metal Exchange (LME) shot up as much as 3.2%, paring gains by 1600 GMT to $3,581.50 a tonne, a rise of 1.8%.