Producers of metals and other raw materials rose as several industrial metals hit multiyear highs.
Zinc for delivery in three months on the London Metal Exchange rose 3.7% to $3,528.50 a metric ton, their highest level in more than three years after Nyrstar, a major producer, said it was reducing output by half at three European plants. Smelters are facing drastic increases in natural-gas bills and pressure to reduce emissions.
Nyrstar said European Union emissions taxes made it unfeasible to keep plants in the Netherlands, Belgium and France at full capacity. Aluminum prices on the exchange jumped 1.6% to $3,117 a ton, their highest level since 2008.
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(END) Dow Jones Newswires