SHANGHAI, Oct. 26 (SMM) - Nyrstar, the largest zinc producer in Europe, may default next year, due mainly to the plunge in zinc prices, according to cnstock.com.
“We might be unable to pay off debt due in May 2016,” said Nyrstar’s Chief Executive Officer Bill Scotting. Nyrstar slumped 27% October 22 to 1.532 euro per share, its biggest daily losses since its list in October 2007, and falling to the lowest in six years.
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