SHANGHAI, May 20 (SMM) - Profit in China’s lead and zinc sector fell 3.2% YoY in Q1 2015, SMM reported at the 2015 SMM Lead&Zinc Summit on May 13-15.
Profit at the lead and zinc mining and dressing sector was 1.71 billion yuan, down 26.9% YoY. Profit at lead and zinc smelters was up 2.7-fold to 740 million yuan, most of which was from by-product, Peng Tao, Executive Vice Secretary-General of Lead & Zinc Branch of China Nonferrous Metals Industry Association (CNIA), explained at the meeting.
Profit at the lead and zinc sector accounted for 8.5% in large nonferrous metals companies’ profit, down 4% YoY. Investment in the 163 lead and zinc mining and dressing projects in Q1 dropped 18% YoY, and that in the 79 smelting projects was down 28% YoY, Peng added.
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