• 287 days Will The ECB Continue To Hike Rates?
  • 287 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
New Breakthrough Could Transform Rare Earth Mining

New Breakthrough Could Transform Rare Earth Mining

Researchers at the University of…

Indonesia Moves To Bolster Mining Sector

Indonesia Moves To Bolster Mining Sector

Government policy in Indonesia will…

China's Stainless Steel Dominance Is Growing

China's Stainless Steel Dominance Is Growing

Asia in general and China…

Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Commodities
  3. Industrial Metals

Global Zinc Production Is Soaring

Mining

Global mined zinc production will continue to ramp up as strong zinc prices prompt miners to bring idled capacity back online and invest in new projects, according to a new Fitch Solutions report.

The analyst’s outlook for global zinc production says that while some capacity taken offline over 2015-2016 was due to permanent mine closures, the return of some stalled capacity and new projects in key countries will drive growth over the coming quarters.

Fitch forecasts global zinc mine production to increase by 2.1% y-o-y in 2019 to 13.3mnt then increase to 15.8mnt by 2028, averaging 2.0% growth.

China’s zinc production will edge higher, from 4.3mnt in 2018 to 4.4mnt by 2028, averaging 0.2% annual growth, Fitch predicts. Despite this muted growth rate, China will remain the largest global producer of zinc by a wide margin. Fitchforecasts China’s position to erode from 33% of global mine production in 2018 to 28% by 2028.

Australia’s zinc sector will gradually recover as rising prices prompt miners to restart major operations. Fitch forecasts the country’s zinc production to increase from 940kt in 2018 to 1.0mnt by 2019, supported by fully operational Dugald River mine. By 2028 Fitch expects zinc production to reach 1.3mnt on the back of rising zinc prices and a solid project pipeline.

India will increasingly drive global zinc production growth, as the country’s key miner Hindustan Zinc Limited (HZL) implements a large-scale expansion plan. This commissioning of various projects will continue to happen over 2019, allowing for mining production gains in both 2019 and 2020, the report reads.

Fitch forecasts Peru’s zinc output to increase to 2.1mnt by 2028 from 1.6mnt in 2018, averaging 2.9% annual growth. According to Fitch’s Global Mines Database, Peru has the third highest number of new zinc projects in the pipeline.

By Mining.com

More Top Reads From Safehasven.com:

Back to homepage

Leave a comment

Leave a comment