New Expansion Projects Set to Balance World Zinc Market
CHEMMONITOR.COM – Currently, the world zinc market is facing a significant growth in demand with the shortage of supply at the same time.
Demand for the product is rising by about 5% year-on-year. 5% growth in demand equals approximately 600,000 metric tons of zinc needed annually. By 2016, the demand will be estimated at around 2 million metric tons, and by 2020 the figure is expected to reach 5 million metric tons of zinc.