Zinc is currently the 4th most widely used metal in the world after iron, aluminum and copper, like the metals mentioned, Zinc has a great anti-corrosive matter, and bonds well with other metals, much like the other metal Zinc is used to galvanize other metal. This matter is also found in living organisms and plays an important role as it is an element for the proper growth and development of humans and plants. The adult human body contains between 2 to 3 grams of zinc which is the right amount for the body’s immune system to function properly.
Zinc was mined in six different states in the U.S. the current number one importer of the metal which is 76% of the refined Zinc being used in the country, and has an estimated 12,000 reserves for this material. The largest producer of the metal is China at and has an estimated 42,000 reserved in its country.
How is Zinc Affected in the Market
Since Zinc isn’t considered a safe asset unlike Gold, it has a tendency to be affected directly by the economy. This means that in the midst of a difficult economy the price of zinc would be greatly affected hence may not be able to perform well in the market. In fact, a decline in zinc prices would signal a decline in the state of the economy, with that being said, Zinc is not only affected when the economy under-performing, while an improving economy is also able to drive zinc prices up.
Zinc powered Companies
Here are some known companies that extract, produce, export, and trade zinc and zinc-based products:
MinQuest, Inc, an Australian company but has branches mainly found in Nevada and Arizona and was established in as 1998 is a privately held natural resource company that mine, acquires and evaluate mineral properties. The company has emphasized precious resources. The company is currently in control of 40 properties including zinc.
Horsehead Corp., situated in Pittsburg, PA, is a state-of –the-art solvent-extraction/electro winning plant, the company is known for extracting, processing and trading, NC, which is a zinc powder. The company is the largest zinc producer in the United States and the lead and zinc products and zinc based products.
Yukon Zinc Corp. is a Canadian-based mining and exploration company, Yukon Corp. has been operating in the southeast region of Canada for over 15 years, and has been committed to operate responsibly.