With demand constantly on the rise and the recent closing of several mining operations in China, the global shortage of zinc has grown exponentially. The zinc shortage is expected to widen to 360,000 tons this year (http://nnw.fm/wp6L4), according to market analysts, but the figure might grow further in wake of China’s decision to completely halt production as part of a nationwide environmental crackdown on the local steel industry. Major zinc exploration projects such as Canadian mining company Kootenay Zinc Corp.’s (CSE: ZNK) (OTCQB: KTNNF) Sully property could have a major impact on the global output of zinc and significantly narrow the offer-demand gap.
Responsible for roughly 50 percent of the global zinc output, China has been relying heavily on imports in recent months, further putting strain on the dwindling supply of the metal. China is both the largest consumer and producer of zinc, accounting for roughly five million tons of output before the crackdown. Zinc prices have also been more volatile in recent months, after reaching an all-time high of…
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