Zinc has been punished in the last few sessions on
account of the commodity index
reweighting (as its weightage has been
reduced in the DOW AIG Commodity Index from 4.9% to 2.8%) and the fall in the copper prices. However,
with the constructive fundamentals and
the gains in copper, zinc bounced back
yesterday. The long-term outlook remains bullish, but as of now its fate seems to be tied up
with
copper.