Not much change in the New York or VanEck prices this week:
However I ran the Basket price calculation for the first time in a while, and: based on last weeks Chinese price ~ US$68.60/kg
Which makes our average ton of Ore worth around US$515/t @ a 75% recovery, That's equivalent to 8gm/t gold !!!!
No wonder those NY Hedge funds are so keen to get a piece of the action !