Zinc sets fresh highs, others find support
26th August, 2016 7:58 AM by Will Adams
Base metals closed down an average of 0.2 percent yesterday with metals quite mixed with nickel closing down 1.7 percent at $9,835, aluminium and tin were off 0.4 percent, copper was unchanged at $4,627 and lead and zinc were up around 0.6 percent. Precious metals were mixed yesterday with gold prices ending the day down 0.3 percent at $1,321.70, having bounced off $1,318 support, silver closed unchanged at $18.55, platinum was off 0.5 percent and palladium was up 0.9 percent.
This morning, the base metals are up across the board and quite uniformly with gains of between 0.4 and 0.7 percent, with copper up 0.5 percent at $4,650 – about where it was this time yesterday. Volume has been almost double what it has been this week, 9,843 lots have traded, the bulk being in zinc that has seen volume of 5,891 lots. Zinc prices have so far today ranged between $2,327.50, a fresh high, and $2,290 – last at 2,310.
https://www.fastmarkets.com/base-me...marketsBaseMetals (Fastmarkets » Base Metals)
TRR will have a shedload of copper also!! Keep some cash for the spin-off hey.
Ann: NOM & Prospectus - Demerger of Assets-TNG.AX, page-76
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