首页|China's 02-zinc output to decline; first time in 20 yrs-Analyst
China's 02-zinc output to decline; first time in 20 yrs-Analyst
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NSTL
Low zinc prices and concentrate shortage will see China's refined zinc output decline for the first time in 20 years this year, by 100,000 metric tons from last year to 1.98 million tons, state-owned Antaike Information Development Co. analyst Feng Juncong said.Speaking at the second China Nonferrous Metals Industry Investment and Trade Forum, Fend sand China's 2002 zinc exports are likely to shrink by 80,000 tons from last year to around 460,000 tons. But China's reduction of exports and output isn't large enough to boost world zinc prices, though it is the world's largest producer country. On the contrary, Chinese zinc producers' plans to resume full operations and exports when zinc prices recover will limit prices' rise, according to the analyst. Chinese zinc producers started reducing output from July 2001 after London Metal Exchange three-month zinc drifted below 1,000 dollars/ton in the second quarter.
NSTL
