During 2017, the combination of scheduled mine closures, Glencore’s strategic cuts, and the impact of environmental inspections in China depleted global stocks of zinc concentrate. The consequent constraints on refined production ensured that the rally in the zinc price that started in 2016 was sustained with the price moving from $2,556 per metric ton (mt) at the end of 2016 to $3,309/mt at the end of 2017, a rise of 29% and its highest level for a decade.

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