Subdued Zinc Prices To Curb Chinese Output

BMI View: Chinese zinc ore production growth will weaken on the back of continued zinc price weakness .China's zinc ore production will experience weak growth this year as a rebound in zinc prices will be weaker than expected, preventing loss-making zinc mines from reopening. We believe that prices will average USD2,130/tonne over 2015, with significant downside risks.Our view on weak Chinese zinc production is underpinned by the following factors:Firstly, although LME zinc inventories...

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