Zinc Surplus to Narrow as Earthquake Forces Japan’s Smelters To Cut Output

Bloomberg reports that the global zinc surplus most likely drop after an earthquake and tsunami reduced production and sales at smelters in Japan.

The market news is quoted as saying:

Toho Zinc Co., the third-biggest producer, will sell 9.4 percent less this fiscal year, Kunio Yamamiya, representative senior managing director, said in an interview. The company joins Mitsui Mining & Smelting Co., the top maker, in reducing output of the metal used to galvanize steel for the car industry.

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