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Zinc Investing News reports the zinc market potential since Chinese zinc refineries are interested in expansion and integration. The International Zinc Association executive director Stephen Wilkinson is confident in the zinc market’s potential. Mr. Wilkinson believes that emerging markets will experience a great deal of growth in the future; skyrocketing demand for the metal. Asian …
Zinc Investing News reports the zinc market potential since Chinese zinc refineries are interested in expansion and integration.
The International Zinc Association executive director Stephen Wilkinson is confident in the zinc market’s potential. Mr. Wilkinson believes that emerging markets will experience a great deal of growth in the future; skyrocketing demand for the metal. Asian markets are key; zinc consumption by China has increased to 30 per cent of global supply, while other Asian countries consumed about 19 per cent of the world’s zinc .In total, emerging markets now consume about 44 per cent of the 11-million tonnes a year global supply, said Wilkinson. He added that about 50 per cent of zinc was now being used to protect steel from rust and corrosion, leading to higher growth in the galvanizing industry.
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