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Zinc and lead are co-mined metals, often assessed in tandem. Zinc and copper, however, are less likely to be viewed as driven by the same fundamentals.
Sentiment, yes. All the base metals can be influenced by the same narrative, such as currency strength or China demand. It is true to say both price drivers have been at work in recent weeks across the whole metals spectrum.
But one additional factor at play this summer has been ongoing supply-side anxiety due to rising COVID-19 virus infection rates in South America.