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COMMODITIES

Zinc surges as Glencore slashes output

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Glencore, plagued by vast debts and crashing commodity prices, announced on Friday that it was lowering zinc output by 500,000 tonnes across its operations in Australia, South America and Kazakhstan.

London

THE price of zinc rebounded sharply this week after troubled Swiss mining giant Glencore slashed its output by a third, in a "significant" tightening of supplies, traders said.

The industrial metal rallied to a two-month pinnacle at US$1,875 per tonne in Friday morning deals