London Metal Exchange (LME) zinc futures climbed nearly 3% last week, closing at $2,972.5 per metric ton, as supply concerns intensified following a planned production cut by Nyrstar, one of the world’s largest zinc smelters. Nyrstar announced it will reduce output at its Hobart zinc smelter in Australia by 25% starting in April 2025. The...
READ MOREBoliden has completed a significant expansion at its Odda zinc smelter in Norway, nearly doubling production capacity in what is one of the largest industrial investments on Norway’s mainland. The upgraded facility now has the capacity to produce 350,000 tonnes of zinc annually, up from 200,000 tonnes. The investment includes new infrastructure for logistics and...
READ MORETeck Resources Limited announced a $40 million USD equity investment in Bunker Hill Mining Corp. on March 6, aiming to reinforce the North American critical minerals supply chain. The investment will secure a reliable source of high-quality, cost-competitive zinc and lead concentrate from Idaho’s Silver Valley for Teck’s Trail operations in British Columbia. The funding...
READ MOREGlencore PLC is set to further reduce costs at its copper and zinc plants in Canada as part of a broader review of its global smelting operations, prompted by declining processing margins. According to an internal memo cited by Bloomberg News on March 14, the company is restructuring its operations to improve efficiency. As part...
READ MOREVedanta Group firm Hindustan Zinc plans to double its metal production capacity to 2 million tonnes per annum (MTPA) within the next five years, according to Chairperson Priya Agarwal Hebbar. The company’s current capacity stands at 1.1 MTPA, with expansion driven by India’s growing steel sector and infrastructure development. “With India’s expanding steel capacity and...
READ MOREGlobal refined zinc production declined by 2.6% year-on-year to 13.55 million tonnes in 2024, while consumption increased marginally by 0.1% to 13.61 million tonnes, according to a report by the International Lead and Zinc Study Group. This led to a market deficit of 62,000 tonnes, contrasting with a surplus of 310,000 tonnes recorded the previous...
READ MOREA single entity has taken control of up to 90% of the available aluminum inventories on the London Metal Exchange (LME), amounting to approximately $505 million, according to LME data released on Monday. The identity of the party remains undisclosed, but such holdings are typically acquired by investors or traders seeking to capitalize on potential...
READ MORETitan Mining has announced plans to expand production at its Empire State Mines (ESM) project, with the addition of 12 million payable pounds of zinc annually from the N2D Zone. Equipment has been secured for expansion, with mobilization expected by Q2 2025 and production from N2D beginning in the second half of the year. For...
READ MOREThe company cited an “other expense” of $2.12 billion, a 67% increase from 2023, which included $445 million in foreign exchange losses, $295 million in legal and government proceedings, and $870 million in site rehabilitation provisions. Commodity price movements varied in 2024: Despite the loss, CEO Gary Nagle highlighted a strong operational year, with production...
READ MOREEnersense is contributing Finnish expertise to the expansion of a zinc plant in Odda, Norway, enhancing one of Europe’s largest zinc factories. Zinc is a key material for the construction and chemical industries, particularly in protecting steel from corrosion. Historically, zinc production has been associated with high carbon dioxide emissions and heavy metals, but Boliden’s...
READ MOREAccording to the latest data from the U.S. Geological Survey (USGS), recoverable zinc mine production in the United States totaled 45,700 metric tons in November 2024. Cumulative production from January through November reached 674,000 metric tons, slightly exceeding the 673,000 metric tons recorded during the same period in 2023. Daily recoverable production in November averaged...
READ MOREDistrict Metals and Boliden Minerals have approved an increased exploration budget of CAD$3.0 million for 2025, a 50% increase from the previous year, to be equally allocated between the Tomtebo and Stollberg properties in Sweden. District Metals, as the operator of the collaboration, has commenced core drilling at the high-grade base metal polymetallic Tomtebo Property...
READ MOREBoliden announced a larger-than-expected rise in fourth-quarter core earnings on Thursday and increased its capital expenditure forecast for 2025, leading to a 3.6% rise in its share price. However, the Swedish miner also scrapped its dividend for last year to offset costs related to recent acquisitions. The company’s operating profit, excluding the revaluation of its...
READ MOREThe City Council of Castrillón has granted Asturiana de Zinc (AZSA) a building permit for the installation of a photovoltaic plant covering 180,035 square meters. The decision was made during the council’s weekly meeting on Thursday. The plant will consist of 41,040 photovoltaic modules, according to a statement from the Castrillón Town Council. AZSA’s project...
READ MORENexa Resources S.A. has announced its operational results for the three- and twelve-month periods ending December 31, 2024. The preliminary and unaudited figures reflect a strong year for the company, with final financial results scheduled for release on February 20, 2025. In 2024, Nexa met its consolidated mining production guidance for zinc, lead, and silver,...
READ MOREThe 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...
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