The Business Standard reports that zinc is upÂ in futures trade today in India after speculators created fresh positions.
The market news is quoted as saying,
At the Multi Commodity Exchange, zinc for September delivery traded higher by Rs 1.45, or 1.36%, to Rs 106.60 per kg, with a business turnover of five lots.In similar manners, the metal for July delivery rose by 60 paise, or 0.57%, to Rs 105.95 per kg, with a business volume of 11,52 lots.
Investing in zinc? Zazu Metals Corporation (TSXV:ZAZ) holds a 50% interest in the Lik Project in Alaska, a joint venture with Teck Resources Limited. The PEA on Lik South estimates that 17.1Mt tonnes of ore milled at an average grade of 7.7% zinc, 2.6% lead and 47 g/t silver would come from the Lik South project.
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