SRA hedges 30M lbs. of zinc at 19% premium to LME price
Nov 21, 2007 | 11:16 AM
| Meghann McDonell
Strategic Resource Acquisition Corp. (SRA), Toronto, has completed a hedge option to sell 13,608 tonnes of zinc at a premium to the metal's current price on the London Metal Exchange.
The option was set at $2,645 a tonne ($1.20 per pound), a 19-percent premium over the metal's three-month final kerb price on the LME Wednesday of $2,220 per tonne.....
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