SHANGHAI, Jan 12 (SMM) - The traditional zinc consuming industries are expected to recover in 2023 as China has retreated from its zero-Covid policy, Zhongjin Lingnan Nonfemet Co., Ltd. said recently at an analyst conference.
Zhongjin Lingnan said that in 2022, China's concentrate production struggled to grow, and the global production increase missed expectations. While overseas zinc concentrate supply was ample, domestic supply was tight. Zinc inventories fell to a record low at the end of the year.
In 2023, there would be new drivers of zinc consumption, such as photovoltaic brackets and wind power.