Reuters reported that zinc ended up in November and the outlook for the metal is positive.
As quoted in the market news:
Barclays expected zinc prices to trade in a $2,000 to $2,500 a tonne range next year. The London Metal Exchange (LME) three-months zinc price was last indicated at $1,862 a tonne. Graham Deller of industry consultants CRU Group expected prices to regain the $2,000 level in early 2012.
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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