Last year's benchmark terms were set at a 10-year high of $299.75 per tonne amid a broad consensus the zinc raw materials market was heading for a period of significant oversupply, allowing smelters to lift their charges for converting mined concentrate into refined metal. As a result this year's benchmark smelter terms have almost halved to $159 per tonne with smelters forced to accept the changed dynamic. Moreover, tightness in the zinc concentrates market is proving much stickier than expected, which is one reason London Metal Exchange (LME) zinc is holding close to two-year price highs despite some hefty inflows of metal into exchange warehouses.
Max Kepler's bloop RBI single in the bottom of the ninth gave Minnesota a 4-3 victory over Boston -- breaking a nine-game winning string for the Red Sox.
Charlotte police said they're investigating whether the deaths of two transgender women -- both shot in hotel rooms -- are connected.