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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperBusiness /EconomyEconomyPolicy WatchChina DataCompaniesMarketsIndustriesViewMotoringTechGreen ChinaEarthquake hits lead and zinc productionBy Lyu Chang(China Daily)Updated:2014-08-06 07:18Comments Print Mail Large Medium SmallThe domestic lead and zinc market may be affected by the earthquake in Ludian county in Yunnan province because of the disruption to transport and suspension of some mining operations, analysts said on Tuesday.”It is difficult to give an exact estimate at the moment, because zinc miners and smelters are out of reach for now, but it has raised some concerns regarding the market because lead and zinc deliveries have been hindered by the earthquake,” said Bian Binbin, an expert specializing in lead and zinc.The earthquake will not have too much of an impact on the lead and zinc smelting capacity in the area, Bian said.Bian, an analyst at SCI International, a commodity market information service organization, said that the major impact to the market is that a suspension in deliveries may cause a temporary shortage of lead and zinc products in major lead- and zinc-consuming provinces in southern parts of China, including Jiangsu, Zhejiang and Guangdong.”This, in turn, is pushing the zinc prices higher for a little while,” Bian said.Although the full extent of the damage is still unclear, some lead and zinc miners have already halted production, according to a report by National Business Daily.A source from a local lead and zinc smelter said the disaster has caused damage to the company and some mines have already been forced to shut down.Yunnan province is a major production base for copper, lead and zinc, and the city of Zhaotong has an explored reserve of lead and zinc of about 1.6 million metric tons.And its reserve for coal hits 16.6 billion metric tons.But frequent earthquakes in Chinas southwest have caused damage to the mining and smelting businesses in the area before.A wholly owned subsidiary of Yunnan Chihong Zinc & Germanium Co Ltd in Zhaotong suffered a loss of more than 45 million yuan ($7.29 million) due to an earthquake in 2012.The company said in a statement that its zinc production has not been affected by the recent earthquake.Haolong Group, near to the epicenter, also reported zero damage and said its zinc production has continued.Inner Mongolia eases rules on coal firmsNations energy demand slowing8.03KRelated StoriesChinas mining sector sees multi-billion dealsMining fund has its eye on blue sky enterprisesMining group to cooperate with Kunming Hi-Tech ZoneMining sector fueling GDP growthChinas mining investment to pay offPhotoTop 10 time-honored brands in ChinaQR codes are used everywhereTop 10 hit smartphones in ChinaPouring it onChildren who live, study in agricultual markets10 Chinese cities that lifted property curbs in JulyChina Economy By NumbersChina Economy by Numbers – Dec China Economy by Numbers – Nov NewsmakerYuans rise will help global stability Kelas changes aim to make a sparkleMost ViewedTodays Top NewsChrysler, Audi under investigation: reportChinas smartphone market changes dramaticallyEarthquake hits lead and zinc productionSoufun facing boycott over high chargesGovernment approves rare earth conglomeratesCity dwellers live a modern rural dream in GuizhouFalling costs lift machinery firmsForeign security software vendors not totally bannedHot TopicsFiat SpAPeugeot SATaxi appInternet financeHousing priceDisneyland12306.cnWeChatEditors PicksTop 10 hit smartphones in China 10 Chinese cities that lifted property curbs Brands caught in food safety scandals Top 10 underwriters in China SpecialsExperts decipher latest growth numbersDelivering on promise of reform, growthGDP: Everything you always wanted to know…Media : |State Administration of Foreign Experts Affairs|QQ International|Peopleforum|workercn.cn|Partners : |State Administration of Foreign Experts Affairs|QQ International|Peopleforum|workercn.cn|Portals : |www.chinaso.com|Sina|Sohu|Tencent|Organizations : |China US Focus|FrenCham|CPAFFC|Gov.cn|eBeijing|AmCham|…| About China Daily | Advertise on Site | Contact Us | Job Offer |Copyright 1995 -. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.License for publishing multimedia online 0108263             Registration Number: 20100000002731      

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