(Nov 28): Zinc headed for its highest close in more than nine years, while lead was set for its strongest finish since 2011 as bullish sentiment spurs a surge in metals. A momentum indicator eyed by traders signals that the markets are overbought.

Industrial metals have climbed about 30% in 2016 after three years of losses as demand growth stabilized in China, President-elect Donald Trump pledged to invest in infrastructure and revitalise the economy, and mine closures curbed supply. Chinese investors have added to the speculative binge.

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