Global primary finished zinc supply is expected to grow at 2.2% and market supply deficit is anticipated to narrow down to 150kt in 2019, compared with the 250kt gap in 2018. With the 2019 benchmark TC/RC reaching to US$245/t, the highest in the recent five years, most of previously curtailed plants have been reportedly ramping up output level, attempting to capitalise on this opportunity. Brazil's Nexa Resources has progressed the plan to maximize benefits of current market conditions for the base metal and expects to commence commercial production at its Aripuan? zinc project by 2021. Construction of Aripuan? is one part of Nexa resources's plan to grow and expand its presence in the global zinc market. Once operational, the project has potential to become the second largest zinc mine in the world. The capital expenditure of the project is expected to be around US$350m. The project is managed and led by ex-Vale management Tito Martins.
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