A new report by McKinsey found 30 to 50% of production of three top commodities is concentrated in areas where water stress is already high.

The metal used in construction and automobiles will likely average $2,300 a ton in the year starting April 1.

Production of 417 million lb. of payable zinc came in ahead of earlier forecasts.

The project has 8.1 million tonnes in proven and probable mineral reserves grading 8.64% zinc, 8.1% lead and 124.22 grams silver per tonne

Stocks of zinc in LME warehouses are close to 20-year lows.

Two-thirds of the group reported that mineral exploration and mining industries provide the raw materials required to transition to low carbon technologies.

The Brazilian constitution permits the extraction of raw materials from the reserves but a lack of regulation has resulted in widespread wildcat mining across the region.