Zinc Industry Faces ‘Chronic Supply Problem,’ Selwyn CEO Says
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The zinc industry faces a “chronic supply problem” as limited funding for smaller companies hinders new-mine development, said Harlan Meade, the chief executive officer of Canadian producer Selwyn Resources Ltd.
About 550,000 metric tons of additional supply is needed in the next few years to meet demand as older mines start to close next year and the metal is more widely used in new applications such as fertilizer, Meade said in a presentation today at the International Zinc Conference in Rancho Mirage, California. Zinc is commonly used to rust-proof steel.