Canadian miner Trevali (TSX:TV) reached a milestone Thursday, as it finished the acquisition of majority stakes in Glencore’s (LON:GLEN) Rosh Pinah mine in Namibia and the Perkoa mine in Burkina Faso.
Lead's rally from multi-year lows hit November 2015 were on the back of major zinc-lead mine shutdowns and strong demand from the automotive sector, responsible for the bulk of demand.
After four-plus years of declines, 2016 was a comeback year for natural resources and the oil and mining industries – with only a couple of exceptions, energy, metal and mineral prices rallied last year.
Zinc producer Nyrstar (EBR:NYR) is moving ahead with its plans to move away from mining by offloading a multimetallic mine in Peru and various claims in Quebec to subsidiaries of Glencore (LON:GLEN).