PDI girds for zooming zinc price rise | Bangkok Post: business

Business > News

PDI girds for zooming zinc price rise

Exits Loei copper mine amid local opposition

- +

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.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments