Chinese Zinc and Copper Market Analysis

17 Thousand Tonnes Steady Demand Growth & Increasing Zinc Intensity Chinese Zinc Demand to Grow ~2-4%1 More Cars Expected to be Galvanized² 8,000 35,000 42% 45% 40% 7,000 37% 40% 30,000 35% 32% 35% 6,000 29% 25,000 24% 21% 30% 5,000 4,000 3,000 Thousand Units 20,000 25% 15,000 20% 15% 2,000 1,000 0 10,000 5,000 10% 5% 0 0% ■Others ■Machinery ■Construction ■Consumer goods Auto ■Infrastructure 2013 2014 2015 Galvanized cars Galvanized % Non-galvanized cars Teck

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