Chinese zinc mines resume output as tags rise
Apr 21, 2009 | 10:05 AM
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Most of China's zinc mines have resumed production, returning more than 85 percent of China's zinc mining capacity to operation, up from 20 percent in February, market sources estimate.
Mining has resumed due to rising zinc prices, warmer weather and the encouragement of local governments pushing for gross domestic product (GDP) growth.
"Most Chinese zinc smelters stopped operating in December because of the worldwide slump in zinc prices," an analyst in Beijing said. "Zinc output from local mines was very low in the latter half of 2008 but output has been going up since March in line with rising zinc prices."....
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