China's zinc import soared by 47% in January

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Source: Commodityonline
China's zinc import grew by 47% approaching 47,933 MT on annual basis in January. Reduction in due charges for smelters and increasing value of Renminbi created fresh stimulus for imports increase. Barclays expects further tightening of zinc market due to closures of mines, fall in ore head grades and decrease in China's zinc output. The bank expects zinc price to approach 2,138 US Dollars per ton in 2012.



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