NetworkNewsBreaks – Kootenay Zinc Corp. (CSE: ZN
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Posted On: 06/09/2017 4:50:49 PM
NetworkNewsBreaks – Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) Steps Up Exploration Efforts in Wake of Chinese Production Cuts
As China recently increased its import of zinc in the wake of production halts – part of an environmental crackdown on China’s steel industry – global zinc prices subsequently soared. With worldwide zinc inventories already under pressure due to increasing demand, China’s efforts to curb zinc and nickel production will likely continue significantly impacting the global supply, and zinc exploration corporations like Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) are hastening to step up their efforts to find deposits and help slake this global shortage.
“China’s move is likely to drive zinc demand even higher. According to the International Lead and Zinc Study Group, demand for the metal is already exceeding supply, and the difference is expected to reach 226,000 tons this year (http://nnw.fm/4Jn0I). To help meet the rising demand, Canada’s Kootenay Zinc Corp. has already taken steps to expand its exploration program at its Sully property in British Columbia. The property is located near the legendary Sullivan Mine, which was one of the world’s largest reserves of zinc, with an output of over 17 million tons of zinc and lead until it was closed down in 2001. Kootenay’s Sully Project is located 18 miles from Sullivan, and both properties share different environments of the same basin.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
As China recently increased its import of zinc in the wake of production halts – part of an environmental crackdown on China’s steel industry – global zinc prices subsequently soared. With worldwide zinc inventories already under pressure due to increasing demand, China’s efforts to curb zinc and nickel production will likely continue significantly impacting the global supply, and zinc exploration corporations like Kootenay Zinc Corp. (CSE: ZNK) (OTCQB: KTNNF) are hastening to step up their efforts to find deposits and help slake this global shortage.
“China’s move is likely to drive zinc demand even higher. According to the International Lead and Zinc Study Group, demand for the metal is already exceeding supply, and the difference is expected to reach 226,000 tons this year (http://nnw.fm/4Jn0I). To help meet the rising demand, Canada’s Kootenay Zinc Corp. has already taken steps to expand its exploration program at its Sully property in British Columbia. The property is located near the legendary Sullivan Mine, which was one of the world’s largest reserves of zinc, with an output of over 17 million tons of zinc and lead until it was closed down in 2001. Kootenay’s Sully Project is located 18 miles from Sullivan, and both properties share different environments of the same basin.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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