Luoping Zinc sells 25,000 tonnes of zinc to local govt

Chinese zinc smelter Yunnan Luoping Zinc & Electricity will supply 25,000 tonnes of zinc to the local government for reserve purchase.

Chinese zinc smelter Yunnan Luoping Zinc & Electricity will supply 25,000 tonnes of zinc to the local government for reserve purchase.

The government of Yunnan province will pay 1.7 million yuan ($26.8 million) for the supply.

The tonnage represents 34.7% of Luoping’s 2012 zinc output, the Shenzhen-listed smelter said on Thursday September 27.

The Yunnan government said it intends to buy 50,000 tonnes of zinc, 200,000 tonnes of aluminium, and 20,000 tonnes of copper in the second half of the year to help local smelters through the difficult economic situation.

editorial@metalbulletinasia.com

What to read next
Copper smelters struggling with record low treatment and refining charges (TCs/RCs) won’t be able to look to the Cobre Panama mine to ease market tightness any time soon.
Robert Yildirim aims to make CoreX a top 50 mining giant, expanding in nickel, chrome and renewables.
Fastmarkets has amended the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China. The name of the price has been shortened to nickel ore with 1.8% nickel content, cif China to enhance its readability and alignment with other Fastmarkets nickel ore […]
After a month-long consultation period, Fastmarkets has discontinued this price due to low market liquidity. All short-term forecasts associated with this price (or these prices) produced by the Fastmarkets research team, if any, have also been discontinued. If you have any comments on the discontinuation of this price, please contact Natasha Porter by email at: pricing@fastmarkets.com. Please […]
This guide explores current price trends, breaks down the key copper scrap grades and provides a global outlook for 2025.
The amendment to the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China has been delayed following a reporter error. Fastmarkets decided to amend the name of the price assessment, shortening it to nickel ore with 1.8% nickel content, following a […]