This morning on metal news: Nevada Copper announced that it had restarted production of its Pumpkin Hollow underground mine; zinc has been driven through the development of metal demand in China; and Norsk Hydro last week announced the suspension of the Paragominas-Alunorte bauxite pipeline.
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Miner Nevada Copper Monday who has restarted operations on his pumpkin hollow underground project.
“On August 20, 2020, the corporate restarted its processing plant after a temporary suspension of copper production due to the effects of the COVID-19 pandemic,” the corporate said. “The restart and commissioning of the plant benefited from the initial constant functionality of the processing plant in the first quarter.”
The value of zinc has been gained thanks to strong demand for Chinese steel, Reuters reported.
According to the report, the value of zinc has reached a maximum of nine months and has gained 11% since the beginning of the year. Thus, zinc gains over the year have surpassed those of copper, which has also been a significant increase.
Norsk Hydro suspended operations of its bauxite pipeline, which connects its Paragominas with its Alunorte alumina refinery.
As a result, Hydro will adopt “extended maintenance” and temporarily avoid production at the Paragominas bauxite mine. In addition, it will occur in Alunorte.
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