Zinc Mining Market to Perceive Substantial Growth During 2019
Zinc
is a widely used metal which protects large structures by enhancing
longevity and performance of steel. It also proves to be one of the
most effective & economical ways to protect steel against
corrosion. The global market for Zinc mining will see a steady growth
in the coming years, as the industrialized countries will require
better protection for their large structures, which will be achieved
through galvanizing steel structures, or coating them with Zinc.
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The
coating protects the steel against deterioration which cost
industrialized economies at least 4 percent of their total GDP every
year, according to the International Zinc Association (IZA)
estimates. Less corrosion will lead to lower costs and lesser
maintenance requirements. Zinc has more attractive properties than
any other material that may be used to protect from corrosion. Some
of the other Zinc coating methods include Zinc-rich paint,
electro-statically applied Zinc and mechanically applied Zinc.
Zinc
has several industrial and product applications due to the properties
it possess for instance, due to its malleable nature it is
extensively used in dry cell batteries. Dry Cell batteries are
utilized by the electrical industry for powering hearing aids, wrist
watches, calculators, etc. and for various other aeronautical and
military applications. Zinc is a versatile metal that doesn’t
change its property, even after recycling and has the ability to
increase crop production which contributes to sustainable development
in many parts of the world. Other common uses of Zinc are die casting
and for the production of brass & bronze which are used for Zinc
sheet applications such as roofing, gutters and downpipes.
With
its ever increasing areas of application, the global Zinc mining
industry is expected to grow in the upcoming years. China is the
largest producer of Zinc, and contributes to about one-third of the
global production. Government regulations to improve the air quality
and limit the heavy metal run-off into farms are likely to affect the
Zinc mining market. With the growing demand for Zinc in several
application areas, the global Zinc mining market is showing
increasing demand all over the world.
Asia-Pacific
region is the largest producer of Zinc in the world. China is the
market leader in terms of Zinc production followed by India,
Australia, Peru and the U.S. On the basis of production methods used,
the Zinc mining market can be segmented as:
Under-ground
Open-pit
Combined
open-pit & underground mining.
The
under-ground mines account for the highest share in terms of
production volume followed by open-pit and combined open-pit &
underground mining. On the basis of application areas, the global
Zinc mining market can be segmented as:
Construction
Transport
Consumer
goods
Electrical
appliances
General
engineering
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Some
of the key players in the Zinc mining market include China Shenhua
Energy, China Coal Energy, Glencore Xstrata Plc (GLEN), BaoShan Iron
& Steel, Scantech, Aluminum Corporation of China, McArthur River
and Carrington. Jinchuan Group, a merger of Zijin Mining Group is one
of the market leaders in terms of Zinc mining in China. One of the
world’s largest Zinc mines, the Red Dog mine is operated by a U.S.
based company. Some of the other players in this market include
Vedanta Resources, Proano, Campo Morado, La Ciénega and Penasquito
mines. Nyrstar is a company formed by collaboration between an
Australian and Belgian company and is also one of the top producers
of Zinc. Some of the top Zinc mines in the world are operated by
Hindustan Zinc, NANA, MMG and Teck Resources.
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