Glencore has built up 25,000 metric tons of unsold zinc because of the expansion and ramp-up of its Zhairem operation, part of its Kazzinc business in Kazakhstan, the company said on Wednesday during a briefing call.
Glencore, with smelters in Spain and Canada, expects its 2024 zinc unit cost to rise significantly from 5 cents per lb to 18.6 cents per lb, according to a July release. Zinc TCs flipped to negative this month for the first time ever, meaning smelters have to pay instead of being paid for turning concentrates to zinc.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite: