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Uranium stocks, zinc gain

Stocks were up in Toronto after the Thanksgiving break and uranium equities were back in favour as the yellowcake spot price approached US$40 a pound again.
Uranium stocks, zinc gain Uranium stocks, zinc gain Uranium stocks, zinc gain Uranium stocks, zinc gain Uranium stocks, zinc gain

The Sprott Physical Uranium Trust has continued its buying spree

Staff reporter

Fission Uranium Corp (TSX: FCU) - which has the Patterson Lake South uranium project in Saskatchewan - led gains as it closed up 30.8%.

The uranium spot price rose more than 2% to $39.70/lb, having neared a nine-year high around $50/lb last month.

The Sprott Physical Uranium Trust has continued its buying spree, saying last week its holdings exceeded 30 million pounds.

Its shares (TSX: U.U) rose 6.8%.

Zinc reached its highest point since March 2018 on the London Metal Exchange, up more than 1% to $3,263.60 per tonne.

"Zinc has been the outperformer so far this month, last night closing up 8.1% month to date," Marex's Al Munro said from the LME desk.

Gold was up slightly to $1,760 an ounce on the spot market as inflation worries resurface.

Barrick Gold gained 0.78% in Toronto, copper producer Antofagasta rose 1.5% in London and Rio Tinto lost 1.88%.