Morning Bites (Part 1)

📈Global primary aluminium production rose 3% YoY in February, in line with the 3% YoY growth in January, the International Aluminium Institute (IAI) reports. Meanwhile, Chinese aluminium output rose 4% YoY last month (+12% vs. the 2019 level), while ex-China production remained flat YoY (+1% vs. 2019)

⛏️MMG is to recommence operations at its Dugald River zinc mine. They were suspended from 15 February due to a fatal incident, but having now received government approval, the company is restarting its operations. Dugald River accounts for ~1.3% of global zinc supply. This resumption in production is in line with market expectations, so we do not expect any effect on zinc prices

#aluminium #zinc
https://metals-wire.com:3000/news-reports