Zinc smelter mulls output cut

Zhuzhou Smelter Group Company Ltd, the biggest zinc smelter in China by output, is going to cut back production, at a time when the international price for zinc ore is rising, according to the report by news agency Bloomberg.

Bloomberg quoted sources saying Zhuzhou Smelter Group is going to reduce output by 5,000 metric tons of zinc in January though the company did not give the reason for the cutdown.

Throughout 2016 the closure of major mines - such as Century and Lisheen in 2015 and production cuts from other mines including Glencore and Nyrstar - have allowed zinc concentrate prices to surge.