China Nonferrous Metals News
Domestic zinc producers have been buckling under low prices and poor performance during H1 2020. However, with domestic zinc prices rebounding since end-March and reached a high point of RMB20,385/t, both domestic zinc miners and smelters have seen profit margins grow and have, consequently, increased operations.
According to SMM, as of 4th September, domestic zinc smelters were enjoying profits of RMB1,478/t, up by RMB1,174/t from a previous low point of RMB304/t. Domestic zinc miners were able to take profits of RMB3,412/t, up by RMB4,648/t from losses of RMB1,236/t at the beginning of 2020. SMM forecast increased profit margins for domestic zinc miners and smelters during H2 2020.