(MB) Glencore has kept its zinc production guidance unchanged in financial year 2018 at around 1.09 million tonnes, matching actual production in 2017, despite the scheduled restart of its 100,000 tonne per year Lady Loretta mine in the first half of this year. In December 2017, Glencore announced it will restart its mothballed Lady Loretta mine in the first half of 2018, bringing 100,000 tonnes of material to the market after a two-year pause. The restart came under market expectations and is unlikely to rock prices as analysts had expected. „That should easily be absorbed; 400,000 tonnes may have dented the market but I doubt 100,000 will, it may even give the price a boost as it could have been a lot more,”
