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MARKET TALK: Zinc Flat, Awaits Volcan Labor Talks Outcome

Tuesday, Dec 19, 2006
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LME 3-month zinc at $4,345/ton, unchanged from London PM kerb with only 19 lots traded in Asia and still range-bound at $4,300-$4,400, says trader at major Japan house; market awaiting results of labor negotiations at Peru's Volcan, likely out later today. Settlement expected as union has agreed to preliminary agreement; trader says settlement would likely have little impact on zinc, though strike would be supportive.

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