Thursday, September 30, 2010

Product Profiles: Zinc Ore


Description: Zinc is also known as spelter, is a metallic chemical element; it has the symbol Zn and atomic number 30. It is the first element in group 12 of the periodic table. Zinc is, in some respects, chemically similar to magnesium, because its ion is of similar size and its only common oxidation state is +2. Zinc is the 24th most abundant element in the Earth's crust and has five stable isotopes. The most exploited zinc ore is sphalerite, a zinc sulfide. The largest exploitable deposits are found in Australia, Canada, and the United States. Zinc production includes froth flotation of the ore, roasting, and final extraction using electricity (electrowinning).

Occurrence: The element is normally found in association with other base metals such as copper and lead in ores. Zinc is a chalcophile , meaning the element has a low affinity for oxides and prefers to bond with sulfides. Chalcophiles formed as the crust solidified under the reducing conditions of the early Earth's atmosphere. Sphalerite, which is a form of zinc sulfide, is the most heavily mined zinc-containing ore because its concentrate contains 60–62% zinc.

Locations: An estimated 10 million tonnes of lead/zinc veins are spread over eight states of Nigeria. Proven reserves in three prospects in the east-central area are 5 million tonnes. Lead/Zinc deposit kind be found in the follow states in Nigeria viz; Nasarawa, Taraba, Plateau, Abia, Ebonyi, Bauchi and Cross River and Enugu.

Specifications: This varies from one buyer to the other. However generally most buyers will prefer the specifications stated in the table below. The lead content could vary from one buyer to the other, but generally for most importers, the other constituent should not be more than the stated percentage.

Components        Content
Zn-                          35-60%
As-                          <0.5%
F-                            < 0.10%
Cd-                         < 0.05%
Pb -                         <6%
Hg-                         <0.01%
Moisture-               5%max
Size-                       0-50mm

Uses: The main end-uses for zinc are as follows:
1.     Galvanizing: 59% - cars and construction
2.     Diecasting: 16% - motor housings, door furniture, toys
3.     Brass & Bronze: 10% - taps and pipes
4.     Rolled zinc: 6.5% - roofing and guttering in some parts of Europe, coffins in southern Europe, and batteries
5.     Chemicals: 6.0% - tyres and zinc cream
6.     Miscellaneous: 2.5% - includes dust in batteries

Export market: The market for Zinc ore especially the overseas market in China is large, expanding and sustainable because of the numerous uses of ore. Buyers usually would like to secure steady source of supply of these products. An exporter that is able to secure a contract at the right price would have an uphill task meeting the demand of the buyer because the output from the mines in Nigeria is low due to the use of crude implement. Other market includes India, Thailand and some European countries like Germany, Spain and Belgium.

Export Price: Depending on the percentage purity of the Zinc ore and the prevailing London metal exchange (lme.com) price, the FOB price of Zinc ore could vary from US400-USD600/MT.

Local price: Depending on the percentage purity and of the Zinc, the local market price at the loading point could vary from NGN30,000-NGN50,000/MT

19 comments:

  1. Nice breakdown but id like to know if the local price is at site or ex warehouse because im a reseller and i want to know how much i can sell to an exporter. thanks.

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  2. Good,ive been sourcing for contracts and gotten a few.
    The specification you mentioned above,is it the standard one?Is it the same specification you use at 3Timpex because i have an order from a potential client?
    I shall appreciate your speedy response.
    Thank you.

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  3. There is no standard for buyers as it were. Each buyer's specification depends on their factory capacity and requirement. But the range stated for Zinc Ore is acceptable to most buyers.

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  4. But am new on this...Can you tell me what's lead cost per Tonne,,,or clear me on where to get the actual costs for lead and zinc global price

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  5. Thanks for your post. Please confirm if its selling price or cost price that you need.

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  6. high i happen to have a steady supply of some minerals, how do i get buyers?

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  7. We can assist you sir, which of the minerals can you supply?

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  8. Mr Dele Ayemibo, Please i'm interested in sourcing a contract for the supply of Zinc Ore. My contact phone is 0803 516 4295. I'll appreciate your phone response. Thank you. Abiola Kehinde

    ReplyDelete
  9. Kindly provide your email address so we can commence work on this for you.
    Thanks

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  10. Hey, a friend has just emailed your site to me and I have browses through a lot of the info on your blog and I must say that I am quite impressed.

    I am looking into starting a commodity export business and wonder if you could suggest a commodity or commodities I can export all year round.

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  11. In my own opinion, the products that fit into this request will be solid minerals especially lead and zinc simply because they are not seasonal.
    Thanks

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  12. Hi again,

    Do you source contract, particularly LC based contracts?

    I do not have bias for any particular commoditiy but would be prefer commodities with ROI of 40% and above with a transaction turn around time of 4 - 6 weeks or less.

    Can you also recommend credible local suppliers of such commodities?

    ReplyDelete
  13. Thank you for your prompt response.
    I have also been thinking of Zinc Ore. What is the profitability profile for this commoditiy?
    Can your source LC based contract for the commodity?
    Can you also recommend credible local suppliers?

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  14. I have also been thinking of Zinc Ore. What is the profitability profile for this commoditiy?---- it ranges from 20-30% depending on your procurement strategy

    Can your source LC based contract for the commodity?--- YES

    Can you also recommend credible local suppliers?---YES

    ReplyDelete
  15. What would it take for your to source an LC based contract for Zinc Ore and for you to link me to credible local suppliers or supply source. What, in your estimation is the transaction turn around time for Zinc Ore

    Which commodity can one acheive a profitability range of 40% and above.

    If you prefer you can email response to loftytech@gmail.com

    Thank you.

    ReplyDelete
  16. Hello,
    Please, I have a buyer for Zinc Ore.Can you supply please lets have you position as per the below:
    ZINC ORE, 45 - 50%

    QUANTITY : 4,000mts - 6,000mts monthly x 12 months
    PRICE : CIF Shanghai China or nearby ports
    PAYMENT : L/C
    SHIPMENT : Starting prompt
    P.BOND: 2.5%
    Kindly give detailed specification
    Email-johntemidayo@yahoo.co.uk
    or urgently call 08034917812

    ReplyDelete
  17. Kindly confirm the price you are willing to buy the product. Thanks

    ReplyDelete
  18. hello Mr. Dele

    my name is kingsley, pls really need ur urgent help on the price list of these products Titanium,manganese etc.
    call me on +234-8062604058.

    Thanks

    ReplyDelete
  19. Kindly confirm the type of price (local, international fob, cfr etc) you need from me. Thanks

    ReplyDelete