SHANGHAHI, Aug. 10 (SMM) – Chinese listed zinc companies jumped by an average of 35% from early June 2017 because of surging zinc prices, SMM said.
SMM finds eight listed zinc companies gained noticeably. Let’s take a look at them.
Chihong Zn & Ge rose about 41% from early June, Zhuzhou Smelter Group gained 38%, Tibet Summit Resources increased 45%, Zhongjin Lingnan Nonfemet rose 29%, Xingye Mining climbed 28%, Jianxin Mining climbed 33.81%, Yunnan Luoping Zinc & Electricity Co. rose 19.68% and Huludao Zinc Industry Co. leapt 38%.
SHFE zinc price rose about 14% in the first half of 2017. Zinc ore production decreased due to lower ore grade, environmental protection and weather reasons. Output at zinc smelters fell in response. Domestic zinc smelters were also affected by maintenance and environmental protection. At the same time, imported zinc ore and zinc ingot were also less than expected. These reasons are the most important reason driving up zinc prices, SMM said.
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