{"id":1157190,"date":"2019-12-24T13:33:26","date_gmt":"2019-12-24T19:33:26","guid":{"rendered":"https:\/\/www.mining.com\/?p=1010031"},"modified":"2019-12-24T13:33:26","modified_gmt":"2019-12-24T19:33:26","slug":"mined-zinc-production-poised-for-global-gains-report","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1157190","title":{"rendered":"Mined zinc production poised for global gains \u2013 report"},"content":{"rendered":"<p>Global mined zinc production is poised for gains over the coming years, according to <em>Fitch Solutions<\/em>\u2019 new industry analysis. Globally, mined zinc production will continue to ramp up as elevated prices encourage miners to restart idled capacity and begin production at key new mines, <em>Fitch <\/em>forecasts. <\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Elevated zinc prices relative to historical levels will incentivise investment in new projects, expansions and restarts as the economics of the projects maintain their attractiveness, market analysts maintain. <\/p>\n<p><em>Fitch<\/em> also sees scope for some idled capacity to be restarted, and forecasts global zinc mine production to increase by 2.44% y-o-y in 2020 to 13.5mnt before increasing to 15.7mnt by 2028, averaging 1.97% y-o-y growth. <\/p>\n<p>China will remain the largest global producer of zinc by a wide margin. China&#8217;s zinc production will stagnate due to declining ore grades and increasingly stringent environmental regulations, <em>Fitch <\/em>predicts. The report states the conservation of minerals and increasing consolidation of mining industries outlined in China&#8217;s 13th Five-Year Plan will weigh on zinc output in China. <\/p>\n<p><em>Fitch <\/em>forecasts Peru to remain a top zinc concentrate producer over the coming years. The country is home to approximately 57 mining firms, according to the Ministry of Energy &amp; Mines (MEM). Despite the large number of players, Peru&#8217;s zinc sector is dominated by the Antamina operation which produced 409kt in 2018 and Nexa Resources&#8217; operations of Cerro Lindo and El Porvenir. <\/p>\n<p>Over the short-medium term,&nbsp; <em>Fitch<\/em> expects Antamina to continue driving production higher as the mine transitions to more copper-zinc ore and less copper- only ore between 2020-2022. Korea Zinc&#8217;s expansion at Pachapaqui and Nexa Resources beginning production at the Shalipayco mine will also support growth. <\/p>\n<p>Peru has the third-highest number of new zinc projects in the pipeline at 15, according to <em>Fitch\u2019s<\/em> Global Mines Database. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/Annotation-2019-12-24-112259-1024x543.jpg\" alt=\"\" class=\"wp-image-1010033\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/Annotation-2019-12-24-112259-1024x543.jpg 1024w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/Annotation-2019-12-24-112259-300x159.jpg 300w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/Annotation-2019-12-24-112259-768x407.jpg 768w, https:\/\/www.mining.com\/wp-content\/uploads\/2019\/12\/Annotation-2019-12-24-112259.jpg 1278w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<p>Following 2019&#8217;s year of robust growth, Fitch analysts expect Australia to maintain its positive trajectory over the coming decade. Over 2019, the ramp-up of MMG&#8217;s Dugald River mine and the restart of Glencore&#8217;s Lady Lorreta mine at Mount Isa led the increase in Australia&#8217;s zinc mine output by an estimated 14% y-o-y. <\/p>\n<p>Given Australia\u2019s healthy pipeline of projects, <em>Fitch<\/em> expects the country to average the second-fastest growth rate globally to 2028. Analysts forecast the country&#8217;s zinc production to increase from 940.0kt in 2018 to 1.3mnt by 2028, averaging 3.6% growth y-o-y, on the back of elevated zinc prices and the solid project pipeline. <\/p>\n<p>Junior miners will continue to advance zinc projects in Australia, <em>Fitch <\/em>forecasts, given the positive outlook for zinc prices over the coming years. Australia currently holds a combined 26 zinc related new projects, expansions and restarts in Fitch Solutions\u2019 Global Mines Database. <\/p>\n<p><em>Read the <a href=\"https:\/\/www.fitchsolutions.com\/products\/sector-intelligence\"  rel=\"noreferrer noopener\" aria-label=\"full report here.  (opens in a new tab)\">full report here. <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch forecasts Peru to remain a top zinc concentrate producer.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[624,2849,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1157190"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1157190"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1157190\/revisions"}],"predecessor-version":[{"id":1157200,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1157190\/revisions\/1157200"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1157190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1157190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1157190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}