Reuters reported that Glencore International (LSE:GLEN) is using warehouses monitored by the London Metal Exchange to store zinc in New Orleans, an action that is forcing industrial zinc buyers to pay high premiums despite the fact that the metal is in surplus.
Reuters reported Sun Metals Corp, a subsidiary of Korea Zinc Co, will maintain its zinc output even after its supplier Kagara Ltd collapsed.
Reuters reported that according to Chelyabinsk Zinc Plant, its 2011 net profit dropped 27%.
Reuters reported that Inmet Mining Corp's (TSX:IMN) first quarter profit rose 62 percent.
Reuters reported that JPMorgan Chase & Co (NYSE:JPM) plans to sell its U.S. metal concentrates trading unit.
Mineweb reported that zinc has the prospect to be the next big player in the base metal market.
Bloomberg reported that Xstrata Zinc Canada's (LSE:XTA) Brunswick mine will close around March 2013.
Business Week reported that Vedanta Group (LSE:VED) has offered $3.4 billion to purchase the Indian government’s interests in Hindustan Zinc Ltd. (NSE:HINDZINC) and Bharat Aluminium Co.
Reuters reported that one of China's leading lead and zinc miners, Shenzhen Zhongjin Lingnan Nonfemet (SHE:000060), announced that it will adhere to the requirements of local environmental authorities related to its Fan Kou lead and zinc mine and Dan Xia zinc smelter.
Bloomberg reported that according to Teck Resources Ltd. (NYSE:TCK), zinc demand is surpassing supply.
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