SHANGHAI, Feb 12 (SMM) – Operating rates at Chinese domestic zinc concentrate mines are expected to drop further in February, leaving smelters more reliant on imported materials.
However, SMM expects a slight increase in treatment charges (TCs) in March as domestic output is set to recover from March onwards.
China’s zinc concentrate output in January failed to meet expectations as operating rates slipped from levels seen in December, according to SMM research. The lower output was due to environmental checks in Henan province as well as production cuts in Inner Mongolia, Sichuan, Tibet and Xinjiang resulted from cold weather.
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