Canadian zinc miner Trevali has moved to hedge a significant portion of its 2021 zinc production at current price levels, with exchange prices at 18-month highs.
Trevali hedged 25% of its 2021 production, equivalent to 26,988 tonnes, at a price of $1.23 per lb or $2,712 per tonne, it said in a notice to shareholders on Tuesday November 24.The current December 2021-December 2022 forward price spread on the London Metal Exchange was...