The recovery of zinc metal prices is set to continue with stronger Asian demand outpacing supply cuts, and there are no expectations for a review of annual zinc treatment charges (TCs) due to the Covid-19 pandemic, Nexa Resources chief executive officer Tito Martins said on Tuesday May 12.
"We are seeing a market adjustment in Asia," Martins told analysts and investors in the company's first-quarter earnings conference call. "Both the quarantine being enforced in Peru and China's higher consumption are supporting a price recovery."The company kept its three Peruvian mines inactive for almost two months, resuming operations at Cerro Lindo and El Porvenir on May 11. The Atacocha mine is scheduled to reopen...