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Zinc, nickel prices to ‘move dramatically higher’ - Scotiabank

Posted on 29 August 2014

Scotiabank’s Metal & Mineral Index rallied strong in July as base metal prices jumped higher across a broad front—“pushed up in part by exuberance over better-than-expected results for China’s economy”, observed Scotiabank economist Patricia Mohr in an analysis published Wednesday.
“Firmer potash and sulphur prices and the beginning of a recovery in uranium also contributed to the gain,” she noted. “Spot uranium prices have increased to US$31 per pound in late August alongside stepped-up Chinese buying, after bottoming at a mere US$28 in June………………………………………..Full Article: Source


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