SHANGHAI, Nov. 21 (SMM) - Nyrstar is increasing hedge selling for expected zinc output to evade downward pressure for zinc prices, wenhua.com reported.
The company sold hedge for 70% of expected zinc production in Q1 this year, it said last Thursday, or 8,000 tonnes of zinc each month. It thus locked selling price for zinc product at $2,127-2,496 per tonne.
Zinc prices have climbed 15% over the past 12 months because of limited new capacity and sliding inventories.
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