Despite a slump in the previous quarter, zinc prices are projected to maintain stability for the remainder of the year. This outlook is bolstered by encouraging signs, such as a surge in cancelled warrants on the London Metal Exchange (LME) and a potential upswing in Chinese demand. Factors Behind the Fluctuations Zinc prices witnessed a...
READ MOREZinc prices, which experienced a downturn in the last quarter due to reduced Chinese demand, are expected to hold steady through to December. This optimism is in part due to the anticipation of China’s economic recovery. The London Metal Exchange (LME) registered a decline in zinc’s spot price, now hovering around $2,601. This drop was...
READ MOREAdriatic Metals and Boliden have announced a collaboration to produce zinc and other metals, adhering to the topmost ESG (Environmental, Social, and Governance) standards. Boliden’s smelter expansion, the Green Zinc Odda project, will boost the annual production capacity from 200 kilotonnes to 350 kilotonnes, making it one of the most environmentally friendly zinc productions globally....
READ MOREOn Monday, Vedanta group company Hindustan Zinc announced a 1% decrease in its mined metal output, producing 252,000 tonnes in Q2 of the current fiscal year. For comparison, the production was 255,000 tonnes in Q2 of the previous year. The drop, according to a BSE filing, was primarily due to reduced ore production at the...
READ MOREThe $400 million upgrade of the Hobart zinc works has taken a significant step toward construction with the finalization of grant deeds involving the federal and state governments. The project entails the construction of a new electrolysis plant at the site, designed to enhance mineral recovery capabilities. In a memo addressed to employees, Todd Milne,...
READ MOREZinc prices on the Multi Commodity Exchange of India mirrored London Metal Exchange gains, driven by a significant drop in inventory at LME-approved warehouses and robust economic data from China. Zinc inventory at LME-registered warehouses recorded a 4,825 ton outflow today, marking a 14.5% reduction, or 20,800 tons, in the past week. Portuguese mining firm...
READ MOREHZL would have to come up with a fresh proposal if it wants to revive its acquisition plans. Hindustan Zinc’s bid to acquire Vedanta’s overseas zinc mines has fallen through. The country’s largest zinc miner would need to return to the drawing board, and come up with a fresh proposal if it plans to revive...
READ MOREThe global zinc market surplus climbed to 26,700 tonnes in March, from a surplus of 22,800 tonnes a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first three months of 2023, ILZSG data showed a surplus of 49,000 tonnes, versus a surplus of 116,000 tonnes in the same...
READ MOREChina imported 12,700 mt of refined zinc in March, up 170.37% on the month but down 40.09% on the year. The imports totalled 19,300 mt in the first three months of 2023, down 53.75% YoY, while total exports of refined zinc during the same period stood at 2,400 mt. This pointed to net imports of...
READ MOREThe caretaker government of Bulgaria announced that it has decided to extend the term of the concession contract with local mining company Gorubso-Madan for the Petrovitsa lead and zinc deposit, located in Smolyan Province, by 15 years. The extension was requested by Gorubso-Madan in order to extract the remaining metal ores in the concession area....
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