Last year was a record year for Chinese imports of zinc ores and concentrates with a total of 3.82 million tonnes – 20.4% higher than the 3.18 million tonnes brought in over 2019.
And the trend has continued into 2021; March imports of 361,743 tonnes
were up by 17.7% from the same month of 2020, according to Chinese customs data released last month.
With zinc mines around the world suffering from reduced output due to the effects of the Covid-19 pandemic in key producers Peru and Bolivia, increased demand from China has contributed to spot TCs for zinc concentrate dropping to near three-year lows.
Fastmarkets’ assessment for the zinc spot concentrate TC, cif China, was $65-80 per tonne on April 30, up from $60-74 per tonne in March...