Contents:

1. METHODOLOGY Study Reliability and Reporting Limitations Disclaimers Quantitative Techniques & Reporting Level 2. INDUSTRY OVERVIEW Production Scenario Demand & Supply Scenario Factors Impacting Zinc Demand/Supply Zinc Supply and Demand Cyclical Demand Zinc Market in the Recent Past 3. MARKET TRENDS & ISSUES Global Supply-Demand Deficit of Refined Zinc turns into Surplus Rising Chinese Demand Pulls Down Concentrate Processing Rates Zinc Prices Rally, Fueled by Unrelenting Chinese Demand New Applications Propel Zinc Market Growth Zinc Making Mark in Architectural Applications Recycled Zinc: Gaining Ground Market Outlook 4. PRODUCT FACTS 5. REGULATORY ENVIRONMENT 6. CORPORATE DEVELOPMENTS SRA and Recapture Enter into an Agreement Russian Copper and Urals Mining to Establish a Zinc Plant CMA to Take Over Meretec Northwest and Jinduicheng to Acquire Yukon Zinc Silvercorp to Acquire Yangtze Mining Yunnan Chihong and Germanium Co to Acquire Stake in Jinding Zinc Full Metal to Acquire Two Projects Umicore and Nyrstar Divest Stake in Padaeng Perilya to Acquire Several Broken Hill Ore Deposits of CBH Resources Breakwater Resources Acquires Myra Falls B.C. Partners’ Interest in Zinc Mines RCF IV Completes Acquisition of the Units of Yukon Zinc Binani Zinc Plans Production Capacity Expansion Zinifex and Oxiana to Merge Votorantim Metais Invests to Expand Zinc Production Capacity Zhongjin Lingnan and Antam to Acquire Herald Resources Copper Ridge to Acquire Clear Lake Zinc-Lead-Silver Deposit Aleris International Divests US Zinc Poly Investments to Acquire Mining Rights from Fortune Source International Trevali Acquires Defunct Mine in Peru China Direct to Acquire 100% Stake in Xiangxi Autonomous CNMC to Establish a Joint Venture with Chifeng Muncipal Government Thunder Mountain Resources Acquires South Mountain Wits Basin Precious Minerals Increases Stake in Vianey Mine Strategic Resource Acquisition Signs Sales Agreement with Teck Cominco Zijin Mining Signs MoU with Tuva Republic Kaye Acquires Pressurecast China Direct and Chengfeng Form a Joint Venture Dynacast Takes Over QZD Zinifex and Umicore Launch Nyrstar Joint Venture SUTOR to Build a New Galvanizing Project SRM Global Increases Stake in Hudbay Minerals Sprott Asset Management Acquires Minority Interest in Canadian Zinc Chelyabinsk Completes Acquisition of Brock Full Metal Acquires Mining Prospects in Canada Fox Resources Enters into Selling Agreement with Sinosteel Mazak and Binani Enter into a Joint Venture Latin American Minerals Takes Over Tendal Zinc-Silver Property Franklin Mining Signs a Deal to Sell Zinc Rubamin Takes Over J&K Pigments Globex Mining Takes Over Zinc Assets in Tennessee State EI Nino to Acquire Stake in Bathhurst Zinc Mine 7. MAJOR PLAYERS Hakusui Tech Company Ltd. (Japan) Hindustan Zinc Ltd. (India) Industrias Penoles S.A. de C.V. (Mexico) Korea Zinc Company Ltd. (South Korea) New Boliden AB (Sweden) Pan-Continental Chemical Co., Ltd. (Taiwan) Teck Cominco Ltd. (Canada) Xstrata Plc (UK) Zinifex Ltd. (Australia) 8. MARKET ANALYTICS 9. THE UNITED STATES Market Overview 10. CANADA 11. JAPAN 12. EUROPE a. France b. Germany c. The United Kingdom d. Italy e. Spain f. Russia g. Rest of Europe 13. ASIA-PACIFIC a. China b. Rest of Asia-Pacific 14. LATIN AMERICA 15. REST OF WORLD Iran Market Overview Key Opportunities Ahead Iran Eyes Chinese and Indian Zinc Markets Zinc Prices Poised to Rally EXHIBITS Table 1: Global Zinc Mine Production by Country - 2005 (in Thousand Metric tons) Table 2: Percentage Breakdown of Leading Zinc Refiners in the World - 2007 (In Terms of Volume) Table 3: Percentage Breakdown of Leading Zinc Miners in the World - 2007 (In Terms of Volume) Table 4: Global Zinc, Zinc Pigments & Salts Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 5: Percentage Breakdown of Global Zinc, Zinc Pigments & Salts Market by Region for the Years 2008 & 2012 Table 6: Global Zinc, Zinc Pigments & Salts Market by Product Segment for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 7: Percentage Breakdown of Global Zinc, Zinc Pigments & Salts Market by Product Segment for the Years 2008 & 2012 Table 8: Global Zinc Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 9: Percentage Breakdown of Global Zinc Market by Region for the Years 2008 & 2012 Table 10: Global Market for Zinc in Galvanization by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 11: Percentage Breakdown of Global Market for Zinc in Galvanization by Region for the Years 2008 & 2012 Table 12: Global Market for Zinc in Brass by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 13: Percentage Breakdown of Global Market for Zinc in Brass by Region for the Years 2008 & 2012 Table 14: Global Market for Zinc in Alloys by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 15: Percentage Breakdown of Global Market for Zinc in Alloys by Region for the Years 2008 & 2012 Table 16: Global Market for Zinc in Semi-Finished Products by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 17: Percentage Breakdown of Global Market for Zinc in Semi-Finished Products by Region for the Years 2008 & 2012 Table 18: Global Market for Zinc in Chemicals by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 19: Percentage Breakdown of Global Market for Zinc in Chemicals by Region for the Years 2008 & 2012 Table 20: Global Market for Zinc in Other End-Uses by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 21: Percentage Breakdown of Global Market for Zinc in Other End-Uses by Region for the Years 2008 & 2012 Table 22: Global Zinc Pigments & Salts Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 23: Percentage Breakdown of Global Zinc Pigments & Salts Market by Region for the Years 2008 & 2012 Table 24: Global Zinc Oxide Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 25: Percentage Breakdown of Global Zinc Oxide Market by Region for the Years 2008 & 2012 Table 26: Global Zinc Oxide Market by End-Use Segment for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 27: Percentage Breakdown of Global Zinc Oxide Market by End-Use Segment for the Years 2008 & 2012 Table 28: Global Zinc Sulfate Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 29: Percentage Breakdown of Global Zinc Sulfate Market by Region for the Years 2008 & 2012 Table 30: Global Zinc Chloride Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 31: Percentage Breakdown of Global Zinc Chloride Market by Region for the Years 2008 & 2012 Table 32: Global Other Zinc Pigments & Salts Market by Region for the Period 2007-2015 (Sales in Thousand Metric Tons) Table 33: Percentage Breakdown of Global Other Zinc Pigments & Salts Market by Region for the Years 2008 & 2012 Table 34: Zinc Market by End-Use Segment in the US: 2007-2015 (Sales in Thousand Metric Tons) Table 35: Percentage Breakdown of Zinc Market by End-Use Segment in the US for the Years 2008 & 2012 Table 36: Zinc Pigments & Salts Market by Product Segment in the US: 2007-2015 (Sales in Thousand Metric Tons) Table 37: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in the US for the Years 2008 & 2012 Table 38: Zinc Oxide Market by End-Use Segment in the US: 2007-2015 (Sales in Thousand Metric Tons) Table 39: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in the US for the Years 2008 & 2012 Table 40: Zinc Market by End-Use Segment in Canada: 2007-2015 (Sales in Thousand Metric Tons) Table 41: Percentage Breakdown of Zinc Market by End-Use Segment in Canada for the Years 2008 & 2012 Table 42: Zinc Pigments & Salts Market by Product Segment in Canada: 2007-2015 (Sales in Thousand Metric Tons) Table 43: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Canada for the Years 2008 & 2012 Table 44: Zinc Oxide Market by End-Use Segment in Canada: 2007-2015 (Sales in Thousand Metric Tons) Table 45: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Canada for the Years 2008 & 2012 Table 46: Zinc Market by End-Use Segment in Japan: 2007-2015 (Sales in Thousand Metric Tons) Table 47: Percentage Breakdown of Zinc Market by End-Use Segment in Japan for the Years 2008 & 2012 Table 48: Zinc Pigments & Salts Market by Product Segment in Japan: 2007-2015 (Sales in Thousand Metric Tons) Table 49: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Japan for the Years 2008 & 2012 Table 50: Zinc Oxide Market by End-Use Segment in Japan: 2007-2015 (Sales in Thousand Metric Tons) Table 51: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Japan for the Years 2008 & 2012 Table 52: Zinc Market by Region in Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 53: Percentage Breakdown of Zinc Market by Region in Europe for the Years 2008 & 2012 Table 54: Zinc Market by End-Use Segment in Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 55: Percentage Breakdown of Zinc Market by End-Use Segment in Europe for the Years 2008 & 2012 Table 56: Zinc Pigments & Salts Market by Region in Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 57: Percentage Breakdown of Zinc Pigments & Salts Market by Region in Europe for the Years 2008 & 2012 Table 58: Zinc Pigments & Salts Market by Product Segment in Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 59: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Europe for the Years 2008 & 2012 Table 60: Zinc Oxide Market by Region in Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 61: Percentage Breakdown of Zinc Oxide Market by Region in Europe for the Years 2008 & 2012 Table 62: Zinc Oxide Market by End-Use Segment in Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 63: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Europe for the Years 2008 & 2012 Table 64: Zinc Market by End-Use Segment in France: 2007-2015 (Sales in Thousand Metric Tons) Table 65: Percentage Breakdown of Zinc Market by End-Use Segment in France for the Years 2008 & 2012 Table 66: Zinc Pigments & Salts Market by Product Segment in France: 2007-2015 (Sales in Thousand Metric Tons) Table 67: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in France for the Years 2008 & 2012 Table 68: Zinc Oxide Market by End-Use Segment in France: 2007-2015 (Sales in Thousand Metric Tons) Table 69: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in France for the Years 2008 & 2012 Table 70: Zinc Market by End-Use Segment in Germany: 2007-2015 (Sales in Thousand Metric Tons) Table 71: Percentage Breakdown of Zinc Market by End-Use Segment in Germany for the Years 2008 & 2012 Table 72: Zinc Pigments & Salts Market by Product Segment in Germany: 2007-2015 (Sales in Thousand Metric Tons) Table 73: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Germany for the Years 2008 & 2012 Table 74: Zinc Oxide Market by End-Use Segment in Germany: 2007-2015 (Sales in Thousand Metric Tons) Table 75: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Germany for the Years 2008 & 2012 Table 76: Zinc Market by End-Use Segment in the UK: 2007-2015 (Sales in Thousand Metric Tons) Table 77: Percentage Breakdown of Zinc Market by End-Use Segment in the UK for the Years 2008 & 2012 Table 78: Zinc Pigments & Salts Market by Product Segment in the UK: 2007-2015 (Sales in Thousand Metric Tons) Table 79: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in the UK for the Years 2008 & 2012 Table 80: Zinc Oxide Market by End-Use Segment in the UK: 2007-2015 (Sales in Thousand Metric Tons) Table 81: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in the UK for the Years 2008 & 2012 Table 82: Zinc Market by End-Use Segment in Italy: 2007-2015 (Sales in Thousand Metric Tons) Table 83: Percentage Breakdown of Zinc Market by End-Use Segment in Italy for the Years 2008 & 2012 Table 84: Zinc Pigments & Salts Market by Product Segment in Italy: 2007-2015 (Sales in Thousand Metric Tons) Table 85: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Italy for the Years 2008 & 2012 Table 86: Zinc Oxide Market by End-Use Segment in Italy: 2007-2015 (Sales in Thousand Metric Tons) Table 87: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Italy for the Years 2008 & 2012 Table 88: Zinc Market by End-Use Segment in Spain: 2007-2015 (Sales in Thousand Metric Tons) Table 89: Percentage Breakdown of Zinc Market by End-Use Segment in Spain for the Years 2008 & 2012 Table 90: Zinc Pigments & Salts Market by Product Segment in Spain: 2007-2015 (Sales in Thousand Metric Tons) Table 91: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Spain for the Years 2008 & 2012 Table 92: Zinc Oxide Market by End-Use Segment in Spain: 2007-2015 (Sales in Thousand Metric Tons) Table 93: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Spain for the Years 2008 & 2012 Table 94: Zinc Market by End-Use Segment in Russia: 2007-2015 (Sales in Thousand Metric Tons) Table 95: Percentage Breakdown of Zinc Market by End-Use Segment in Russia for the Years 2008 & 2012 Table 96: Zinc Pigments & Salts Market by Product Segment in Russia: 2007-2015 (Sales in Thousand Metric Tons) Table 97: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Russia for the Years 2008 & 2012 Table 98: Zinc Oxide Market by End-Use Segment in Russia: 2007-2015 (Sales in Thousand Metric Tons) Table 99: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Russia for the Years 2008 & 2012 Table 100: Zinc Market by End-Use Segment in Rest of Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 101: Percentage Breakdown of Zinc Market by End-Use Segment in Rest of Europe for the Years 2008 & 2012 Table 102: Zinc Pigments & Salts Market by Product Segment in Rest of Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 103: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Rest of Europe for the Years 2008 & 2012 Table 104: Zinc Oxide Market by End-Use Segment in Rest of Europe: 2007-2015 (Sales in Thousand Metric Tons) Table 105: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Rest of Europe for the Years 2008 & 2012 Table 106: Zinc Market by Region in Asia-Pacific: 2007-2015 (Sales in Thousand Metric Tons) Table 107: Percentage Breakdown of Zinc Market by Region in Asia-Pacific for the Years 2008 & 2012 Table 108: Zinc Market by End-Use Segment in Asia-Pacific: 2007-2015 (Sales in Thousand Metric Tons) Table 109: Percentage Breakdown of Zinc Market by End-Use Segment in Asia-Pacific for the Years 2008 & 2012 Table 110: Zinc Pigments & Salts Market by Product Segment in Asia-Pacific: 2007-2015 (Sales in Thousand Metric Tons) Table 111: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Asia-Pacific for the Years 2008 & 2012 Table 112: Zinc Oxide Market by End-Use Segment in Asia-Pacific: 2007-2015 (Sales in Thousand Metric Tons) Table 113: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Asia-Pacific for the Years 2008 & 2012 Table 114: Zinc Market by End-Use Segment in China: 2007-2015 (Sales in Thousand Metric Tons) Table 115: Percentage Breakdown of Zinc Market by End-Use Segment in China for the Years 2008 & 2012 Table 116: Zinc Market by End-Use Segment in Rest of Asia-Pacific: 2007-2015 (Sales in Thousand Metric Tons) Table 117: Percentage Breakdown of Zinc Market by End-Use Segment in Rest of Asia-Pacific for the Years 2008 & 2012 Table 118: Zinc Market by End-Use Segment in Latin America: 2007-2015 (Sales in Thousand Metric Tons) Table 119: Percentage Breakdown of Zinc Market by End-Use Segment in Latin America for the Years 2008 & 2012 Table 120: Zinc Pigments & Salts Market by Product Segment in Latin America: 2007-2015 (Sales in Thousand Metric Tons) Table 121: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Latin America for the Years 2008 & 2012 Table 122: Zinc Oxide Market by End-Use Segment in Latin America: 2007-2015 (Sales in Thousand Metric Tons) Table 123: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Latin America for the Years 2008 & 2012 Table 124: Zinc Market by End-Use Segment in Rest of World: 2007-2015 (Sales in Thousand Metric Tons) Table 125: Percentage Breakdown of Zinc Market by End-Use Segment in Rest of World for the Years 2008 & 2012 Table 126: Zinc Pigments & Salts Market by Product Segment in Rest of World: 2007-2015 (Sales in Thousand Metric Tons) Table 127: Percentage Breakdown of Zinc Pigments & Salts Market by Product Segment in Rest of World for the Years 2008 & 2012 Table 128: Zinc Oxide Market by End-Use Segment in Rest of World: 2007-2015 (Sales in Thousand Metric Tons) Table 129: Percentage Breakdown of Zinc Oxide Market by End-Use Segment in Rest of World for the Years 2008 & 2012 COMPANIES PROFILED

Companies Mentioned

- Hakusui Tech Company Ltd. (Japan) - Hindustan Zinc Ltd. (India) - Industrias Penoles S.A. de C.V. (Mexico) - Korea Zinc Company Ltd. (South Korea) - New Boliden AB (Sweden) - Pan-Continental Chemical Co., Ltd. (Taiwan) - Teck Cominco Ltd. (Canada) - Xstrata Plc (UK) - Zinifex Ltd. (Australia)