2016 SMM Summit:  What Drove up Zinc Prices in 2016?

SHANGHAI, Nov. 15 (SMM) - Closures at zinc mines in 2015 have shown result to zinc market in 2016, SMM said at the 2016 SMM Summit.

Century and lisheen mine were shut down in 2015. Glencore cut capacity at its mines in 2015. After its announcement, LME zinc surged 10% on the same day.

Hindustan Zinc slashed output by 830,000 tonnes in 2016. As such, global zinc concentrate shortfalls will reach 170,000 tonnes in 2017, SMM predicts at the Summit. 

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