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Korea Zinc and Teck Resources agree for 67% jump in zinc concentrate processing charge – Report-2019 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
4/3/2019 - Laser Equipment, Sheet Metal Industry expo |
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Reuters, citing two industry sources, reported that Korea Zinc Inc and Teck Resources Ltd have agreed annual concentrate treatment charges of about USD 245 a tonne, 67% higher than last year, as mine supply ramps up. A surprising aspect of the deal was that price participation was included in the contract for the first time in two years, he added. That means that processing charges are adjusted depending on the rise or fall in the zinc price during the
The deal is largely in line with current spot treatment charges in China, which have soared to USD 240 a tonne from a low of USD 12.50 at the start of 2018.
Korea Zinc and Teck Resources are major players in the metals sector, and their agreement on yearly processing charges often establishes a benchmark widely used throughout the industry.
The prices charged by smelters for turning concentrates, partially processed ore, into refined metal rise as mine supply increases as there is more competition among miners to find smelters to process their material. In addition to greater supply of zinc from mines, processing charges have been rising because refining capacity has been depressed, with many operations in China affected by an environmental clampdown.
According to industry group the International Lead and Zinc Study Group, world mine production of zinc is expected to rise 6.4% this year to 13.87 million tonnes,
钣金展-激光设备展-2019年广州国际激光设备及钣金工业展
-2019 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
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