SEPT 3 WEDNESDAY

LME zinc closed at $1,775 per tonne against $1,775/1,780

on Monday, when the metal, mainly used to galvanize steel,

eased 2.3 percent. It hit a low earlier in the day of $1,720,

its lowest price since August 20.

Investment bank Citi revised its copper, aluminum and

zinc price forecasts downwards on the back of expectations

of continued slowdown in global economic growth.

Citi forecast zinc prices to bottom at $70 per pound

($1,543 per tonne) in 2009.