9,659.48 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Nyrstar to temporarily halt production at two zinc mines

Dutch polymetallics company Nyrstar announced that it will temporarily halt production at two zinc mines.

Nyrstar to temporarily halt production at two zinc mines

Dutch polymetallic company Nyrstar, owned by international trading group Trafigura, announced that it will suspend operations at two zinc mines in the United States indefinitely as of 30 November.

The company cites unfavourable market conditions as the reason for the closure of these capacities. Since the beginning of this year, zinc prices on the London Metal Exchange have decreased by more than 15 per cent, while the costs of Nyrstar's US division have increased due to inflation.

This division, called Middle Tennessee Mines, includes the Gordonsville and Cumberland mines. The company does not report their productivity, but the processing plant located in the same region can process up to 3 million tonnes of ore per year and produce up to 50 thousand tonnes of zinc concentrate.

Nyrstar says exploratory drilling will be carried out during the closure to find new zinc, germanium and gallium deposits.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Severstal continues to increase the share of new types of products

Wednesday, April 2, 2025

Rebar inspection at collapsed skyscraper in Thailand

Wednesday, April 2, 2025

European Commission announces a Clean Industrial Deal

Thursday, February 27, 2025

Iron ore enrichment plant to be built in Tajikistan

Wednesday, April 2, 2025

Egypt's iron ore imports increased by 1.9%

Wednesday, April 2, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now