Mining giant Glencore says it intends to cut half a million tonnes of zinc production in its latest move to cope with the slump in commodities prices.
The amount represents around four percent of global supply.
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Zinc prices which have fallen 30 percent since May, rallied six percent on the news.
Read the full report at EuroNews
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FTSE 100 rally continues as Glencore lifts mining sector
Shares in Glencore jumped more than 10% on the news, and other miners also gained with Anglo American up 6.3%.
Mining shares have been under pressure for some time because of declining commodity prices, but Glencore’s action sent zinc prices up 6%.
The FTSE 100 index was up 67.35 points, or 1.1%, at 6, 442.17.
Read the full story at the BBC
