Zinc prices have jumped to a near three-year high, with large long interest on zinc contracts, Financial Times reports.

Demand for industrial metals has also helped lift the metal prices, with prospects a supply deficit supporting the zinc market. Roger Yuan, analyst at GS, expects large mines in Australia and Ireland to be depleted by mid-2015, which will further exacerbate the tight supply, Shanghai Metals Market reports.

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Max Chen contributed to this article.