In a challenging metals market, one of Hudbay’s primary metals is showing signs of strength.
Zinc closed at 94 cents a pound on Wednesday, its highest level since August 2014.
Historically speaking, that’s not a great price, especially considering zinc spent much of early 2014 above $1 a pound. Zinc also spent much of 2011 above $1.
But the metal has steadily increased in value since early 2016, having been worth under 70 cents in mid-December 2015.
Copper, also mined by Hudbay, closed at $2.13 a pound on Wednesday. It has been hovering around that range since late 2015.
Copper has in general been on a downward spiral since 2011-12. It was worth about $4.50 in early 2011.
All financial figures mentioned in this article are in US funds.
