Almina-Minas halts zinc and lead concentrate operations at Aljustrel

12th September 2023

By: Reuters


Font size: - +

LONDON - Almina-Minas do Alentejo will halt production of zinc and lead concentrates at it Aljustrel operation from September 24 until the second quarter of 2025 because zinc prices are too low, the Portuguese company said in an email.

Profitability has become a problem for zinc producers in Europe facing sliding prices and rising production costs.

Benchmark zinc prices on the London Metal Exchange (LME) have tumbled nearly 30% since late January to around $2 500 a metric ton on Tuesday.

Privately owned Almina produced 215 000 tons of zinc concentrate and 50 000 tons of lead concentrate which would amount to around 99 000 tons of zinc metal and 20 000 tons of lead metal, respectively.

Swedish miner Boliden has suspended production at its Tara mine in Ireland, Europe's largest zinc mine, because of "unsustainable financial losses".

Tara produced 103 000 tons of zinc in concentrate last year, 40% of Boliden's zinc concentrate output.

Edited by Reuters


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?