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Nyrstar to resume zinc production at Dutch smelter in May

Zinc production at Nyrstar's Budel smelting operations in the Netherlands will resume during the week of May 13, partly because of higher prices for the metal used to galvanise steel, the company owned by product trader Trafigura said on Tuesday.

The Budel smelter, with capability to produce 315,000 metric lots each year, was suspended in the 2nd half of January and will restart at reduced capacity.

This decision (to reboot) follows a comprehensive and comprehensive evaluation and reflects current enhancements in market conditions and the short-term reinstatement of indirect cost compensation in the Netherlands that will help reduce Nyrstar Budel's general energy expenses, the business said.

Criteria zinc on the London Metal Exchange (LME). strike $2,974 a ton on Tuesday, up 30% considering that the middle of February. and the greatest because March 2023.

Budel has been operating on a flexible basis because the. 4th quarter of 2021.

The circumstance stays under consistent evaluation and Nyrstar. continues to actively manage production capability across its. European operations to respond to the continued uncertain. near-term market conditions, it added.

(source: Reuters)