Nyrstar extends stoppage at Port Pirie smelter until late July

"The LME is saying very publicly that it's getting its house in order, and the electronic close is a part of that."

The outage of Nyrstar's Port Pirie lead smelter in Australia has injected a rare bit of excitement into the London lead market.

It stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace.

The company stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace.

Chip sampling on the property produced significant gold, silver, copper, zinc and lead results.

The company has released additional assay results from 145 drill holes completed at the Pine Point zinc-lead camp.

Zinc stocks plummeted from 900,000 tonnes at the beginning of 2014 to around 120,000 five years later - due to a rash of zinc mine closures over the past few years and tighter environmental restrictions in China.

Two technologies were tested – x-ray transmission sorting and dense media separation.

The new offering comes five years after a similar product fizzled on the Singapore Exchange (SGX).