Nyrstar's Port Pirie lead smelter to shut for 55 days (updated)

Nyrstar NV

04/10/2022 13:30

(Adds detail)
       LONDON, Oct 4 (Reuters) - 
    Nyrstar's  NYR.BR  Port Pirie lead smelter in Australia will
shut for 55 days to implement capital expenditure to improve
emissions and operational performance, the Belgium-based company
said on Tuesday.
    Trafigura is a majority owner of Nyrstar, which declined to
say how much lead Port Pirie produces. Port Pirie produced
160,000 tonnes of lead in 2018.
    Germany's Stolberg lead plant has not reopened because its
sale to Trafigura has not been completed, Nyrstar said last
week.  urn:newsml:reuters.com:*:nL8N3112FM     
    Global lead consumption is estimated by analysts at around
13 million tonnes this year and expectations are for a surplus
this year and next.
    Benchmark lead  CMPB3  on the London Metal Exchange was
trading around at $1,877 a tonne. That compares with last week's
$1,746 a tonne, the lowest since June 2020.
 (Reporting by Pratima Desai; Editing by Louise Heavens and Mark
Potter)
 ((pratima.desai@thomsonreuters.com; +44 207 513 5681;))