KZL 0.00% 12.0¢ kagara ltd

China zinc imports may rise if mine remains closed for 3...

  1. 1,686 Posts.
    lightbulb Created with Sketch. 2
    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...
 
watchlist Created with Sketch. Add KZL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.