Arizona Metals Corp press release

Zinc Production to Recover in 2023 Though Scheduled Mine Closures Could Dampen Results

2023-04-11

TSX - Toronto Stock Exchange · Gold · Copper · Zinc · Silver · Lead · Canada · Production & Operations

The production of zinc around the globe is expected to experience volatility throughout the year as geopolitical factors impact the supply chain. In April 2020, the coronavirus pandemic caused thedemand for zinc to decline significantly,as zinc-intensive sectors such as transportation and construction significantly slowed or shut down entirely. Zincprices fellthat month, with worries of a supply surplus and risk-off sentiment also reducing investor interest in the metal greatly. However, the supply surplus turned into asupply shortfall of 1 million tons in 2021 as demand began to increase.

This recovery proved to be short lived as global zinc production...

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