Friday, March 24th 2017


Zinc Meaning:
In commodity market terminology, Zinc refers to a metallic chemical element also known as Spelter. Zinc is considered an essential mineral in nutrition and is primarily used as an anti-corrosion agent in Galvanization, which involves the coating of steel or iron to protect them from rusting.

Zinc Example:
Zinc futures are traded on the London Metals Exchange LME. Contracts are for 25 tons of Zinc and are quoted in U.S. Dollars with a minimum price fluctuation of $12.50. Zinc futures also trade on the Multi-Commodities Exchange of India. Zinc futures trade under the symbol ZX on the LME.
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