Copper concentrate export decreases by 13 percent in JanuaryEconomy
Ulaanbaatar /MONTSAME/ In January, copper concentrate export reached 101.6 thousand tons, showing a decrease of 13 percent compared to the same period of last year. In monetary terms, it is declined by 27 percent, reaching USD 114 million, reports the Customs General Administration.
Although the State Emergency Commission made a decision to halt coal export until March 2, it notified that export of copper concentrate by Oyu Tolgoi LLC would normally run through Gashuunsukhait border checkpoint. However, the volume of export is going down regarding with preventative measures of the Government of Mongolia, Oyu Tolgoi LLC reports.
In January, export of iron ore concentrate upped by 34 percent, reaching 815 thousand tons or USD 55.5 million. While export of zinc went up a bit in January and reached 12.7 thousand tons or USD 17.9 million.
‘Tsairt Mineral’ LLC and Chinese invested ‘Xin Xin’ LLC are exporting zinc from Mongolia. ‘Tsairt Mineral’ LLC, which exported 82 thousand tons of zinc last year, exported 7224 tons of zinc in the first month of this year. The company transports its products by train and it informs that any restrictions haven't been put on export of zinc regarding with the 2019-nCoV infections and procurement of the Chinese side is running normally.
However, zinc price is declining due to the novel coronavirus, stressed S.Batkhuu, Executive Director of ‘Tsairt Mineral’ LLC. Zinc price has been decreased by 12.7 percent at the London Metal Exchange since January 22.