Slow recovery from Covid-19 to send zinc concentrate in tight balance in 2020

Published: Jun 5, 2020 12:06

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Global zinc concentrate market is very likely to be in a tight balance in 2020, compared to a slender surplus last year, as the production recovery from the Covid-19 crisis progresses slowly.

SHANGHAI, Jun 5 (SMM) – Global zinc concentrate market is very likely to be in a tight balance in 2020, compared to a slender surplus last year, as the production recovery from the Covid-19 crisis progresses slowly.

New projects or expansion plans, on the other hand, are temporarily taken off the table as many experts warn that a full economic recovery from the pandemic could take years.

The anticipation of greater supply from global mining capacity recovery and expansion has put zinc prices on a downtrend since early 2018, but the global public health crisis looks set to slow down the mine supply increase.

Please find below a compilation of the progress of operations recovery from coronavirus shutdowns across major zinc mines beyond China as of June 3.

Coronavirus impact COVID-19 Zinc

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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