Swedish mining company Boliden increased its concentrate stocks of zinc, copper and lead during the first quarter of 2020 to ensure supplies of raw materials for its smelters amid the growing market uncertainty created by the Covid-19 pandemic.
"The company is planning for normal business operations during the coming quarters," Boliden said in its interim report for the January-March quarter on Tuesday April 28.There were still risks related to the pandemic, it added, such as increased levels of short-term staff absences, disrupted logistics, uncertain raw materials supply and problems with the availability of spare parts."Preventive measures have been initiated in all of these areas," it added, "including planning for slightly increased concentrate stocks at smelters to reduce the risk of production losses."While major zinc-producing...