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Basics |
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Economic
Issues & Market Analysis Brief: Metal Casting - Zinc
Demand for
zinc in brass and bronze increased by an annual average of almost 5% between 1993
and 1998, ensuring a secure and growing market for zinc. Demand for galvanized
steel will continue to stimulate growth in the zinc industry. However, in 2001
the price of zinc on the London Metal Exchange reached its lowest level in over
a decade.
U.S. mine production
greatly exceeded smelter capacity, necessitating exports of concentrate. More
than one-third of all concentrate exports, which was supplied entirely by the
Red Dog Mine in Alaska, was processed at the Trail smelter in Canada; the remaining
two-thirds went mainly to Asian smelters. The United States is the world's largest
exporter of zinc concentrates; it is also the largest importer of zinc metal.
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