Zinc Prices Rise as Mine Production Gears Up
Rising zinc prices and processing fees are the first signs of a zinc market supply crunch. While surpluses will remain for sometime, many companies are already preparing for shortages.
Rising zinc prices and processing fees are the first signs of a zinc market supply crunch. While surpluses will remain for sometime, many companies are already preparing for shortages.
Reuters Africa reported that zinc concentrate treatment charges have been set at $229 per tonne.
Mineweb reports that Teck Resources has advised its zinc production this year is expected to be 905,000 tonnes. The article states that: While Red Dog production is expected to increase by 15,000 tonnes, Teck’s share of zinc production from Antamina will decrease by 40,000 tonnes due to ore body sequencing. To read the full article, [...]
Irish zinc explorer, Connemara Mining has discovered two high grade zinc and lead mineralizations that could lead to the opening of one of Ireland’s largest mines. With an estimated 2 million tonnes of zinc ore, Ireland is considered to possess the ninth largest volume of reserves in the world.
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