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09/03/12
21:59
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China zinc imports may rise if mine remains closed for 3 mths
Should keep an eye on this mine/smelter that's having pollution problems in Guangdong, China's most populous region.
According to the article, China has about 1,000,000t of zinc stockpiled throughout the country (including Shanghai).
China local mine production - 4,308,000t p.a.
China zinc refined consumption - 5,468,000t p.a.
Inventory circa +1,000,000
Shortfall -160,000 p.a. (China must import the balance of -13,330t per month)
Exacerbated by lost production from Fan Kou @ -16,000t per month.
They talk above about it being closed for 3 months? maybe longer...
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