The Standard & Poor’s GSCI gauge of 24 commodities rose 0.4 percent to 648.46 by 4:52 p.m. in London. The UBS Bloomberg CMCI index of 26 raw materials was up 0.5 percent at 1,577.921. U.S. markets closed yesterday for the Thanksgiving holiday.
Highlights from market news:
- Zinc rose the most in 10 weeks and copper climbed amid optimism that European leaders are moving toward a deal to stem Greece’s fiscal crisis
- Copper futures for delivery in March rose 0.7 percent to $3.5325 a pound on the Comex in New York
- Zinc rose as much as 2.2 percent, the most since Sept. 14. Tin, aluminium, nickel and lead also gained in London.
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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