As zinc markets prepare for supply shortages in coming years, some producers are bringing new production online in 2012. But despite zinc prices reaching average historic levels, short term zinc prices and demand are expected to slide in 2012 before they hit their stride in 2013.
Teck declared that its Trail facility will return to its full refined zinc production of 25,000 tonnes per month for the first time since December 2008 due to strengthened customer demand. For full story, click here
Brunswick Mine has avoided any output curtailments during the slump ahead of its planned permanent closure next year, despite steps owner Xstrata Plc. has taken elsewhere. For full story, click here
Peru, a leading global metals exporter has seen its copper and zinc outputs dip in March from the same month a year ago, while gold and silver production surged. For full story, click here
A major mining initiative in the southeast Yukon recently moved one step closer to starting production. Yukon’s Zinc Wolverine Project ‘Tailings and Infrastructure Design and Construction Plan’ was recently approved by the Department of Energy, Mines and Resources. For full story, click here
Most of China’s zinc mines have resumed production, returning more than 85 percent of China’s zinc mining capacity to operation, up from 20 percent in February, market sources estimate. For full story, click here
Vancouver-based junior mining Farallon Resources declared that the company has touched commercial production at the G-9 zinc mine in Guerrero State, Mexico. Dick Whittington, president and CEO of Farallon stated: We are confident that the G-9 Mine can be sustained through this difficult metal price environment, and enable the company to prosper when metal prices [...]
Spot zinc premiums in Europe remain unchanged this week as reduced production holds prices firm, but lacklustre demand prevents any immediate recovery. For full story, click here
Griffin Mining Ld Friday declared that production at the Caijiaying zinc-gold mine is anticipated to recommence on the 1st of June 2009. For full story, click here
By Leia Michele Toovey-Exclusive to Zinc Investing News Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions. The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate. The government has also mentioned that it wants to support the industry’s [...]
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