Zinc Surplus Will Double

By Purchasing Staff -- Purchasing, 11/13/2008 2:00:00 AM

Zinc mining and smelting operations around the world are scheduled to shut their doors in haste because of weakening zinc prices, production costs increases and reduced demand. But, that won't be enough to bring 2009 supply into equilibrium with demand. The zinc market surplus will more than double to nearly 330,000 metric tons in 2009 from an estimated 150,000 metric tons this year, according to the International Lead and Zinc Study Group.

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