Luoping Zinc & Electricity suspends mine in Guizhou as production permit expires-Shanghai Metals Market

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Luoping Zinc & Electricity suspends mine in Guizhou as production permit expires

Company News 10:46:01AM Jun 20, 2019 Source:SMM

SHANGHAI, Jun 20 (SMM) – Luoping Zinc & Electricity said on Wednesday June 19 that it suspended one of its lead-zinc mines in Guizhou after the safe production permit expired on June 16.

The mine, with annual zinc concentrate capacity of 24,000 mt in Zn content, will resume when it regains approval from the local government.

The Yunnan-based miner restarted another lead-zinc mine in the same county of Guizhou earlier this month, after it renewed the mining permit.

Those changes are expected to have little impact on global zinc concentrate supply, which is growing amid greater production from mines overseas.

The Chinese market is currently well-supplied, with treatment charges standing above 6,500 yuan/mt in Zn content for domestic materials and at $250-270/dmt for imported materials.

Key Words:  Zinc  Zinc concentrate 

Luoping Zinc & Electricity suspends mine in Guizhou as production permit expires

Company News 10:46:01AM Jun 20, 2019 Source:SMM

SHANGHAI, Jun 20 (SMM) – Luoping Zinc & Electricity said on Wednesday June 19 that it suspended one of its lead-zinc mines in Guizhou after the safe production permit expired on June 16.

The mine, with annual zinc concentrate capacity of 24,000 mt in Zn content, will resume when it regains approval from the local government.

The Yunnan-based miner restarted another lead-zinc mine in the same county of Guizhou earlier this month, after it renewed the mining permit.

Those changes are expected to have little impact on global zinc concentrate supply, which is growing amid greater production from mines overseas.

The Chinese market is currently well-supplied, with treatment charges standing above 6,500 yuan/mt in Zn content for domestic materials and at $250-270/dmt for imported materials.

Key Words:  Zinc  Zinc concentrate