Commodity Online reports that during Q2, Hindustan Zinc, Ltd ( BOM:500188) acheived record levels of zinc and lead production, up 19.7% from the corresponding period last year. The story states: Announcing the financial results today, the company informed that during Q2, the company achieved its highest ever zinc and lead mined metal production at 204,836 tonnes, [...]
Concern that China may stop production of their lead smelters as concentrate supply falls caused an increase in lead prices. China is the world’s biggest producer of lead. Falling inventories also provided the metal support, analysts said. Lead inventories on the LME fell 1,350 tonnes to 69,175 tonnes on Friday. Find the article here. [...]
Thirteen of China’s larger zinc and lead smelters will not be cutting their output despite 27 other Chinese smelters agreeing to cut their output by 10 percent from July through September. The producers include Hunan Zhuye Torch Metals Co Ltd (SHA 600961), Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (SZA 000060) and Yunnan Chihong [...]
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