The global zinc market saw a reduction in supply shortage in November 2024, easing to 52,900 tons from 65,400 tons in October, according to the International Lead and Zinc Study Group. Despite a cumulative shortage of 33,000 tons from January to November, this was a significant shift from the 312,000-ton surplus recorded in the same...
READ MORESantacruz Silver Mining has released its Q4 2024 production results from its Bolivar, Porco, and Caballo Blanco Group of mines in Bolivia, as well as its San Lucas ore sourcing business and Zimapán mine in Mexico. The company produced a total of 4,710,013 silver equivalent ounces, including 1,761,686 ounces of silver, 23,357 tonnes of zinc,...
READ MORELead and zinc, often extracted together from the same mines, have experienced strikingly different market trends in recent months. Zinc prices surged to a 20-month high of $3,284 per metric ton in October 2024 on the London Metal Exchange (LME), driven by tight raw material supplies. In contrast, lead prices have languished, burdened by surging...
READ MORETeck Resources, a Canadian mining company, has announced plans to invest up to $3.9 billion to expand its copper and zinc production. This move reflects Teck’s strategic focus on energy transition metals following the sale of its steelmaking coal business to Glencore in 2024. The company aims to position itself as a major player in...
READ MOREMining firm MMG Ltd has announced that operations at its Dugald River zinc mine in Queensland, Australia, are expected to resume following the containment of a nearby grassfire. The fire, which approached the perimeter of the site, has been successfully managed, allowing the company to proceed with normal operations later in the day. MMG, which...
READ MOREMarket analyst BMI has maintained its zinc price forecast for 2025 at $2,650 per tonne, citing weaker supply and demand dynamics. Zinc prices began the year at $2,888 per tonne but are projected to drop by 5.8% compared to the 2024 average of $2,812 per tonne. Tightening market fundamentals, including a shortage in zinc concentrate,...
READ MORESierra Metals expects to boost production of copper, zinc, silver, and lead in 2025 as the company ramps up throughput rates and focuses on resource growth at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. 2025 Guidance The company stated that at current metal prices, it expects to generate strong operating cash flows...
READ MOREAnalysts forecast a decline in zinc prices in 2025 as global refined zinc production rebounds and demand remains subdued. BMI, a research agency under Fitch Solutions, projects a surplus of 270,000 tonnes for the year, reversing the 184,000-tonne deficit anticipated in 2024. Preliminary data from the International Lead and Zinc Supply Group (ILZSG) show that...
READ MOREIvanhoe Mines is poised to ramp up production at its Democratic Republic of Congo (DRC) operations in 2025 after achieving record output in 2024. The Canadian mining company has set its 2025 production guidance at 520,000 to 580,000 metric tons of copper from its flagship Kamoa-Kakula operation. The company reported a 12% year-on-year increase in...
READ MOREAsturiana de Zinc (AZSA) reported a molten zinc cathode production of 538,625 tons in 2024 at its San Juan de Nieva plant in Avilés. This figure marks the second-highest annual output since the plant’s inception in the 1960s but falls short of the 2023 record of 544,192 tons by 5,567 tons. The decline was primarily...
READ MOREVedanta announced achieving its highest-ever quarterly and half-yearly aluminium production, reaching 1,205 kilotonnes (kt) in the first half of the financial year. Alumina production also surged 21% year-on-year (YoY). Following this update, the company’s stock dipped 2%, reaching a low of Rs 501 ($6.03) on the BSE. The company’s Zinc India operations also recorded a...
READ MOREChina’s imports of zinc concentrate reached 455.9 thousand tonnes in November 2024, marking a 37.73% month-on-month increase and a 45.01% rise compared to the same period last year. From January to November, total zinc concentrate imports amounted to 3.6398 million tonnes, reflecting a 14.98% year-on-year decline. In November, the top suppliers of zinc concentrate to...
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