Zinc Smelters Win Big Fee Increase as Cutbacks Throttle Output – Bloomberg

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Zinc smelters have won a major increase in treatment fees after cutbacks in capacity across Europe and the U.S. throttled refined-metal output and helped lift prices to record highs.
Korea Zinc Co. and Glencore Plc agreed to annual zinc concentrate supply contracts with miner Teck Resources Ltd. that include a 45% increase in treatment charges to $230 per ton, according to people familiar with the matter. Teck, Glencore and Korea Zinc all declined to comment.

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