Wall street slightly up, and strong gains on base metals.
Nearly all shares in my portfolio are on the green today, led by Oxiana (OXR.ASX - News of a one-day "warning" strike at most Codelco copper divisions in Chile is helping to keep copper prices aloft, said analysts. According to the mining giant, production at the Salvador division is below normal levels).
London Metal Exchange base metals made strong gains due to broad investment activity. Aluminium rose $73 (2.98%) to $2,505 while copper firmed $290 (4.30%) to $7,035 and nickel added $2,175 (8.03%) to $29,275. Zinc strengthened $120 (4.92%) to $2,560 and lead gained $60 (2.29%) to $2,675. Comex copper was last quoted at 317.30 US cents per pound.
Spot gold was last quoted at $864.20. Comex gold futures climbed $9.10 (1.06%) to $869.10.
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