Zinc - a raw material with a future
Zinc oxide was used at that time to treat eye inflammations. Paracelsus came across the effects of zinc in the 17th century. In 1720, zinc was mined in England. The first zinc smelter was established in Bristol in 1743. Further smelters were built, among others in Belgium. Zinc was mainly used in the building sector. Roof drainage or roof coverings were worked with zinc.
In February, the zinc price picked up, probably due to a recovering global economy. According to the International Lead and Zinc Study Group, the zinc market was oversupplied last year. This is because large steel-producing countries such as India, Japan and South Korea have used less zinc. Between March and December 2020, zinc prices rose nearly 60 percent. In January 2021, demand was lower, and the price has come back somewhat. However, as soon as demand for zinc increases again due to China's infrastructure and automotive projects, the price of the metal should also start to rise again.
Today, zinc is used in high-tech applications, including aerospace. The largest zinc mine in the world is the Rampura Agucha mine in India. The second largest zinc mine, called Aripuana, is under construction in Brazil and should start production in early 2022.
The largest zinc producer in China is Griffin Mining - https://www.youtube.com/watch?v=nK5ModCMN6k. Its Caijiaying zinc mine also produces gold, silver and lead. Divided into different zones, large production increases are still expected.
In Canada, Osisko Metals - https://www.youtube.com/watch?v=i-1hVggruL0 -, for example, specializes in zinc projects. The company's high-grade projects are located in the Northwest Territories and in New Brunswick.
Current corporate information and press releases from Griffin Mining (https://www.resource-capital.ch/en/companies/griffin-mining-ltd/) and Osisko Metals (https://www.resource-capital.ch/en/companies/osisko-metals-inc/).
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