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zinc prices? from Australian website today:There are 160 pennies...

  1. jlucas
    44 Posts.
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    26/04/06
    11:39
    Post #: 1520139
    zinc prices? from Australian website today:

    There are 160 pennies - also known as a 1c coin - in a pound, worth a face value of $US1.60. With each penny made of 97.5 per cent zinc and 2.5 per cent copper, based on current prices the metal value is worth about $US1.36.

    Therefore another 25c a pound rise in zinc, or about $US551 a tonne, would see the metal value of the US penny worth more than the monetary value.

    -interesting
    PEM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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