Glencore says zinc market to lose 1mln tonnes production over Covid-19 shutdowns

Global zinc production will miss projections by 1 million tonnes over the course of 2020, Glencore chief financial officer Steve Kalmin said in a company results call on Thursday August 6.

"You've seen a lot of mine reduction in this area in particular, including ourselves," Kalmin said, referring to both operating assets and projects that were set to expand this year.

"We calculate around 1 million tonnes, which has kept this market reasonably in check and has more than offset initial supply growth that...

Published

Archie Hunter

August 06, 2020

12:48 GMT

London