Shanghai Nonferrous Metals News
Shrinking downstream demand in conjunction with restricted logistics as a result of the NCP epidemic has driven up stocks of sulphuric acid at Henan Yuguang Gold and Lead, a major lead and zinc producer in central China. Consequently, the company announced that it will cut its zinc output by 50% on Thursday, and will cut lead output for February.
Typically, Yuguang Gold and Lead produces 300 kt of zinc per annum. In the case that logistics problems continue, further production cuts can be expected.
