The SET-listed Padaeng Industry Plc (PDI), Southeast Asia’s sole zinc smelter, expects to return to profitability this year on the back of improving global zinc prices and a one-off impairment.
Managing director Francis Vanbellen said demand from Europe and China has increased, making global demand exceed supply and leading zinc prices to improve significantly.
The average price of zinc was US$1,910 a tonne in 2013. PDI expects the price this year will average $2,050.
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