Global zinc market may overproduction in next five years
China's prevention and control of financial risks, environmental supervision and real estate regulation, resulting in global demand growth is lower than expected. After the international zinc prices rise for five consecutive quarters, the second quarter of this year, zinc price starts to fall.
Now prices are lower than the beginning of the year. Analysts believe that Glencore's recovery and the new project of zinc mining will become the two major variables affecting the future global market price changes, need special attention.
On the other hand, Glencore has been able to cut production and clean up inventories to offset the falling in commodity prices. Meanwhile, Glencore announced the suspension of 500,000 tons of zinc ore production capacity projects on October 9th, 2015.
