Korea Zinc (010130.KS) has posted a record profit for the second quarter, driven by robust demand for industrial metals.
The South Korean mining group’s financial results highlight the continued strength in the base metals sector, even as global economic conditions remain mixed.
Daewoo E&C recently reported a more than 180% year-on-year jump in second-quarter net profit, placing the construction and engineering group among the top performers in South Korea’s industrial sector.
The announcement comes amid a broader trend of strong earnings in the mining and construction sectors.
Daewoo E&C recently reported a more than 180% year-on-year jump in second-quarter net profit, placing the construction and engineering group among the top performers in South Korea’s industrial sector.
Similarly, Canadian mining group Teck Resources surpassed Wall Street expectations in its latest quarterly report, buoyed by higher copper output and favorable pricing dynamics.
Korea Zinc’s record performance suggests that demand for zinc and other base metals remains resilient, supporting the outlook for miners with exposure to industrial end-markets.