Nyrstar's earnings before interest, taxes, depreciation, and amortization (Ebitda) for the first quarter of 2018 fell by ?,?3 million ($3.6 billion) or 5.5% year on year to ?,?54 million, the company said on Thursday May 3.
Despite benefitting from a 23% increase in zinc prices, after London Metal Exchange prices rallied to a high of $3,259 per tonne, and ramp-up of the Middle Tennessee Mines, Nyrstar noted that the profit was hit by a number of other market factors. "[It] was offset by reductions in treatment...