Exactly. IBG generates serious margins at any credible Zn price, even $2200t. Cost incl. shipping = 66c/lb or $1450/t. So margin = $750/t x 200,000tpa = $150 million profit pa. Where we sit on the cost curve over half of global production would be losing money and shut down before we get into trouble, IBG is practically bulletproof.
Zinc outputs, page-7
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