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US refined zinc output down in March: USGS

Keywords: Tags  zinc, zinc production, zinc imports, refined zinc, US Geological Survey, USGS, Saranya Kapur

NEW YORK — U.S. refined zinc production totaled 18,000 tonnes in March, down 4.8 percent from 18,900 tonnes in the same month last year but flat vs. February, according to U.S. Geological Survey (USGS) data.

Domestic smelters produced 53,900 tonnes of refined zinc during the first quarter of 2014.

U.S. refined zinc consumption totaled 69,200 tonnes in March, up 10.9 percent from 62,400 tonnes in February.

Refined zinc imports climbed 7.4 percent to 52,100 tonnes in March from 48,500 tonnes the previous month, putting the first-quarter total at 189,000 tonnes.

Domestic recoverable mine production of zinc reached 70,600 tonnes in March, 26.1 percent higher than 56,000 tonnes a year earlier and up 4.1 percent from 67,800 tonnes in February. The first-quarter total was 207,000 tonnes.

U.S. zinc mine production averaged 2,280 tonnes per day in March, up 26 percent from the same month last year but down 6 percent from February.

London Metal Exchange stocks of special-high-grade zinc in the United States stood at 729,275 tonnes at the end of March, down 16.6 percent from 874,350 tonnes a year earlier but up 14.3 percent from 638,125 tonnes the previous month.

AMM’s monthly average U.S. spot market price stood at $1.0904 per pound July 3, up 8.4 percent from $1.0058 per pound in March 2014 and 14 percent from 95.62 cents per pound in March 2013.

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