Home / Metal News /  / Will Glencore Output Cut Weigh Down TCs of Imported Zinc Concentrate?
Will Glencore Output Cut Weigh Down TCs of Imported Zinc Concentrate?
Oct 12,2015 11:08CST
smm insight
Source:SMM
Glencore, the largest lead and zinc producer and trader in the world, decided to cut output at its Lady Loretta, George Fisher and McArthur River mines by some 380,000 tonnes (zinc content).

SHANGHAI, Oct. 12 (SMM) - Glencore, the largest lead and zinc producer and trader in the world, decided to cut output at its Lady Loretta, George Fisher and McArthur River mines by some 380,000 tonnes (zinc content). The company supplies nearly 700,000 tonnes, or 1/3 of zinc concentrate imports to China each year.  Will the output cut by the mining giant weigh down TCs of imported zinc concentrate in China?

TCs of imported zinc concentrate will not drop in the wake of the output cut news soon, according to an SMM zinc analyst. “Zinc concentrate inventories at China’s ports are high, with those at the Port of Lianyungang hitting their highest for the year of 339,800 tonnes as of October 9. Meanwhile, this year’s term contracts have been settled already, and the Company’s output cut in Q4 will be only 100,000 tonnes,”

However, Glencore’s output cut will dampen China’s zinc concentrate imports, so TCs of imported ore should fall in the medium to long term. 


                  Output Cut at Glencore’s Mines

 

Mine

Mining Area

Location

Ore Quantity Mined in 2014 (kt)

Lead Grade

Zinc Grade

Silver Grade (g/t)

Output Cut Plan

Quantity Cut (kt, metal content)

Lady Loretta

Lady Loretta

Australia

970

5.50%

12.70%

112

To be suspended

245

George Fisher

North (L72) & South (P49) Orebodies

Australia

3,900

3.30%

7.30%

64

Output cut

Handlebar Hill

 Open Cut

Australia

480

2.50%

7.70%

42

Output cut

McArthur River

McArthur River

Australia

4,600

4%

9%

44

Output cut

135

Iscaycruz

Iscaycruz

Peru

1,300

0.70%

7.20%

31

Output cut

8

Kazzinc

Maleevsky

Kazakhstan

2,100

1.10%

6.20%

66

Output cut

4

Ridder-Sokolny

Kazakhstan

1,900

0.20%

0.50%

10

Output cut

Tishinsky

Kazakhstan

1,200

0.70%

4.40%

5

Output cut

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 


 


Glencore
zinc coutput
imported zinc concentrate TCs
zinc concentrate output

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news