No zinc restart for Glencore

THE zinc market breathed a sigh of relief overnight as Glencore said there were no plans to bring on idled capacity.

No zinc restart for Glencore No zinc restart for Glencore No zinc restart for Glencore No zinc restart for Glencore No zinc restart for Glencore

Glencore slashed 500,000 tonnes of zinc supply from Australia and Peru last year due to low prices.

But zinc prices have jumped by more than 70% this year and hit a nine-year high of $US2886.