Russian firms raise zinc output to meet government demand, sources say By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 03 2024
0mins
Source: Investing.com
- Increase in Russian Zinc Production: Russian firms have increased zinc metal production to meet rising state demand and reduce reliance on China.
- Impact of Sanctions: Western sanctions on Russia have led to challenges in payments for exports to China, prompting Russian firms to boost refined metal zinc production.
- State Orders and Exports: Russian state orders for finished products are up, leading to fewer shipments of refined metal to China due to payment issues.
- Production Capacity Expansion: The Chelyabinsk Zinc Plant in Russia has increased its output capacity by about 15% following reconstruction work.
- Future Production Estimates: Consultancy CRU expects an increase in zinc production from Russian smelters, with estimates reaching 322,000 tons by 2027.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
