Zinc Slumps as Trafigura’s Nyrstar to Restart Idled Dutch Plant
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Zinc prices fell as much as 3.9% on the London Metal Exchange after Nyrstar said it will restart an idled smelter in the Netherlands next month.
Nyrstar — which is owned by Trafigura Group — will fire up the Budel zinc plant at a reduced capacity from May 13, about four months after idling the plant. The move comes after the Dutch government introduced temporary measures that will help to reduce energy costs, the company said.