This should make the zinc metal market even tighter (around 8k disruption for now) leading to higher prices, Skorpion Zinc mines zinc oxide which can only be treated though its refinery. It’s also owned by Vedanta so some karma:
// Skorpion Zinc refinery to halt for 5 weeks after mine strike; deliveries disrupted. Skorpion Zinc’s refinery in Namibia has to suspend its operations for five weeks on a lack of raw material feed following a mine strike, while the delivery of certain exports will have to be delayed, Fastmarkets has learned.
The Namibian operation, Africa’s largest integrated zinc operation, has run out of zinc oxide ore as a result of a strike at its mine that started on February 22, parent company Vedanta Zinc International said at an emailed statement on Tuesday. The refinery has been running at an annual capacity of 90,000 tonnes per year in 2018 and will be running at 130,000 tpy in 2020 following the expansion in Pit 112. //
RVR Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
