Vedanta to shut down Skorpion zinc operations Namibia for four months
LONDON, Oct 10 (Reuters) - Vedanta Resources VDAN.NS said on Thursday it would shut its Skorpion zinc operations in Namibia from early November until the end of February 2020.
The company said in a statement the closure was due to technical problems which resulted in reduced ore production at the Skorpion site.
Skorpion expected to produce around 90,000 tonnes of zinc last year, according to Vedanta's website.
The global zinc market is around 14 million tonnes a year.
Benchmark zinc CMZN3 on the London Metal Exchange was up 3.7% at $2,375 a tonne at 1543 GMT, outperforming other industrial metals.
(Reporting by Peter Hobson)
((Peter.Hobson@thomsonreuters.com; +44 207 542 0083;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Other TopicsWorld Markets
Latest Commodities Videos
- EXCLUSIVE-Brazilian buyout firm IG4 Capital bids $916 mln to become large shareholder in Chilean miner SQM -sources
- EXCLUSIVE-Wizz Air replaces operations chief after probe into pilot redundancies
- More than 100 companies sign letter opposing U.S. state voting restrictions
- FOCUS-China's turbo-charged online fashion takes on Zara and H&M