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Refined Zinc Market Size, Status, Demand and Forecast 2020-2026
Refined Zinc Market
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Top Companies in the Global Refined Zinc Market are Korea Zinc Group, Nyrstar, Hindustan Zinc, Glencore Xstrata, Votorantim, Boliden, Shaanxi Nonferrous Metals, Teck, China Minmetals Corp, Noranda Income Fund, Glencore, Yunnan Chihong Zinc & Germanium and others.
Latest News and Developments -
Zinc usage is estimated to exceed production this year as well, notwithstanding the demand softness in China -Price adjustments in commodity markets can be sensational. Zinc costs expanded to an eight-month high on the London Metal Exchange (LME) this week. For three sequential years, zinc request exceeded supply, Supplies are projected to rise this year. However, low inventories head of the purchase season has triggered an increase in zinc prices.
"We do believe that the tide is turning and that the interest in commodities is growing," Patrick Soares, president and CEO of Foran Mining (TSXV:FOM), said. "Smart investors are making investments now and (are) positioning themselves for the next few years."
Brandon Macdonald, CEO and director at Fireweed Zinc (TSXV:FWZ), expected a modest improvement in the space in 2019 given dwindling inventories.
"However, I was proven incorrect as sky-high spot treatment charges and a soft price for physical metal meant reduced investor interest," he said.
Echoing his sentiment was Peeyush Varshney of ZincX Resources (TSXV:ZNX), who said there was a complete lack of interest by the investor community this past year.
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Korea Zinc is fully playing its role as an industrial foundation of Korea for basic materials including zinc used to prevent corrosion of steel products such as various steel plates or steel pipes of which the world market share of Korea Zinc is 8% when those of the sister company Young Poong and a subsidary company like SMC in Australia are included, lead which is used as a raw material for industrial and vehicular batteries and electric wire coating material, copper which, after being processed into diverse forms such as bronze or copper pipe, is essential for the national key industries, gold and silver of which the utilization value for the industries like semiconductor and photovoltaic power generation is increasing, and indium which are used as key materials for high technology devices such as solar cells and LED.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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