UBM - Zinc Treatment Charges Tell Us A Similar Story To Copper
- According to the International Lead and Zinc Study Group, global refined production rose by 1.2% over last year. It estimated a supply surplus of 533,000 tons in 2020.
- Spot treatment charges are even lower than contract terms. Reuters reports figures of $60-$74 per ton in China. However, unlike for copper, zinc smelters have not resorted to plant closures yet.
- More mine supply will almost certainly come as vaccines are rolled out.
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Zinc Treatment Charges Tell Us A Similar Story To Copper