The China Zinc Smeltery Purchase Team (CZSPT) are discussing possible production cuts on the back of tighter supplies of zinc concentrates and weak demand, according to information provider Antaike.

Total open-tonnage stocks in London Metal Exchange-registered warehouses rose by 6.0% to 1,137,907 tonnes at the end of August, from 1,073,574 at the end of July, according to the latest data released by the exchange on Tuesday, September 10.

The Ozernoye zinc and lead mine in Russia launched concentrates production on Wednesday September 4 after year-long delays, Fastmarkets learned.

Demand for zinc was expected to grow by 2030, despite the challenges facing both the supply and demand sides, Andrew Green, executive director of the International Zinc Association, said in an exclusive interview with Fastmarkets during LME Week in London

Raw material tightness added further pressure to imported zinc concentrate supply to China, with volumes dropping sharply in the first quarter and market participants saying that low availability of spot cargoes is not expected to ease in the short term.

The Rosh Pinah zinc mine in Namibia will complete its expansion project by July 2026, Ignacio Bustamante, head of base metals at Appian Capital Advisory, told Fastmarkets in an exclusive interview on Thursday April 4.

Teck Resources and Korea Zinc have agreed annual zinc treatment charges (TCs) at $165 per tonne for 2024, the lowest level since 2021, Fastmarkets has learned from multiple sources.

Swiss trader Glencore’s profits halved in 2023 due to weaker energy and metals prices and production, according to the company’s full-year results released on Wednesday February 21

The London Metal Exchange has unveiled a series of proposals which, if successful, could accomplish what it failed to achieve close to a decade ago: bringing the investment community into the fold.

Market participants shared insight into the market dynamics for copper, nickel, zinc, lead and tin during LME Week, which ran September 30-October 4