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Tuesday, May 13, 2008

Beijing (ANTARA News/Asia Pulse) - Zinc supply is unlikely to be affected by the 7.8-magnitude earthquake in Southwest China's Sichuan Province Monday despite the zinc production halt initiated by producers there.

The province produced 205,000 tons of zinc last year, accounting for only 5.54 per cent of China's total 3.7 million tons and 1.7 per cent of the world's 12 million tons, AME Mineral Economics quoted Chinese research institution Antaike's figures as saying.

There is no doubt that the zinc supply may be affected as long as production in Sichuan-sited zinc companies is fully halted, but there remains a surplus of 200,000-400,000 tons of zinc on the global market, AME noted.

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